Baltic Petroleum, one of the leading gas station operators in Lithuania, has chosen LEAFIO AI RETAIL PLATFORM to optimize the inventory and merchandising operations of its convenience stores.
With experience building end-to-end supply chain processes for more than 160 successful projects, LEAFIO has already gained a reputation as an expert and reliable partner in 18 countries worldwide. The LEAFIO AI RETAIL PLATFORM is a cloud-based solution that combines advanced AI algorithms, a user-friendly interface, and a high degree of accuracy and automation of retail processes.
Running a chain of 84 petrol stations in Lithuania, Baltic Petroleum managers faced the need to unify approaches to stock replenishment and planogram creation. They searched for in-depth, solid analytical tools for making informed managerial decisions.
"We chose LEAFIO because we liked the team's energy and expertise. They already have successful implementation projects for gas station chains in different countries with good efficiency results. We understood that we could trust them because their team not only implements solutions but also helps to build correct and more effective business processes. We understand that the success of this project will be the result of a joint effort and we are happy to see a professional approach from LEAFIO with specific KPIs and experience in our field of work," says Edvin Bachšijan, СEO of Baltic Petroleum.
Previously order generation in the Baltic Petroleum store chain was decentralized. Gas station managers formed supplier orders for their stores based on their experience and instinct. The desire to secure by ordering more goods and the human factor led to overstocking and write-offs.
Adhering to the classic management approach, the company traditionally paid more attention to sales and margin analysis. As the business evolved, the management concluded that analysis of inventory levels, lost sales, availability, and other inventory management KPIs could provide a complete picture for operational and strategic decision-making. There was also a need to standardize planograms, quickly analyze their effectiveness, and implement unified control methods.
The implementation of the LEAFIO cloud platform will allow Baltic Petroleum to:
- fully automate stock replenishment, taking into account seasonal fluctuations and promotional campaigns;
- reduce the risk of overstocks and write-offs by setting up an "empty warehouse" mode to increase the availability and service level;
- gain access to more than 40 analytical reports, which give a detailed picture of the inventory "health";
- automate planogram creation, including unified planograms for specific formats;
- analyze the display efficiency in real-time and rotate the assortment throughout the chain with just a few clicks;
- implement changes and control planogram execution with the help of the mobile app for gas station employees.
The project is being implemented in three phases. The partner teams have already completed the fundamental first stage - analysis of business processes and setup of automatic data exchange. The current second stage includes training key users on how to work with the LEAFIO system and connecting a pilot group of products to the auto order. Ahead of that is scaling up to the entire assortment and chain and training employees in the analytical block.
“We are extremely pleased with our cooperation with Baltic Petroleum. The project team jokes that considering the time LEAFIO and Baltic Petroleum employees spend together, they have already become like a family. We are sure this partnership will grow into a strong corporate friendship and bring quick financial results to our client, and to us - a new successful project to add to our experience and expertise,” says Alex Medwin, CEO of LEAFIO Inc.
About LEAFIO AI Retail Solutions:
LEAFIO AI Retail Platform provides retailers with powerful, flexible, and responsive automation solutions. With a customer base of over 160 retail companies across 18 countries, LEAFIO helps them stay ahead in the market, improve their resilience to disruption, and generate higher revenue with greater profit margins. LEAFIO designs AI-powered software for various retail processes, including supply chain management, inventory optimization, merchandising, assortment performance, and sales promotion forecasting.
About Baltic Petroleum:
Baltic Petroleum is one of the leading operators in Lithuania, operating a chain of 84 convenience stores and petrol stations. The company strives to provide its customers with the highest service and convenience at optimal prices.