Demand Forecasting – Supply Chain
Podruzhka is a Moscow-based retailer with products covering personal care, cleaning, cosmetics, perfumes, and jewelry throughout Europe and China.
Podrushka selected Veltio to implement Oracle Retail Demand Forecasting and Veltio’s Supply Chain solutions to help them achieve its goal becoming a leading drugstore in their markets.
Veltio built a hands-off, automated Demand Forecasting and Supply Chain solution that greatly improved margins and sell-through.
The new system helped reduce losses, i.e., write-offs due to expiration date, errors in orders and inefficient replenishment processes.
Increased forecast accuracy for promo and non-promo items as well as reduction in out-of-stocks led to increased revenue for Podrushka.