Farmacorp
Demand Forecasting
Farmacorp is an emerging pharmacy retailer in Latin America that experienced exponential growth in recent years.
Farmacorp sought the kind of technology that would not only meet operational needs, but that could scale to meet long-term goals.
As a result, the client chose to implement Oracle Retail Demand Forecasting (RDF) and Veltio Supply Chain solutions.
Farmacorp felt Veltio’s integration approach aligned with their chief concerns which included improving demand forecast improvements, reduction of their inventory levels, efficiency improvements in the replenishment and allocation process and overall cost reduction.
The numbers
The results
One of Veltio’s focusing solutions was to configure custom alerts to account for understocking products, cheapest vendor changes on a SKU, causal capping etc.
Upon successful implementation, Farmacorp centralized the buying process including receiving calendar and related costs.
Veltio Supply Chain application offered exclusive technology which increased efficiency and automation in the Allocation and Replenishment processes which resulted in reduced costs as well.
Farmacorp is now able to create promotional planning strategies and “tune” store inventory levels based on products.
