Bee Market
Ukrainian retail chain consisting of 38 stores and distribution centers with 15,000 SKUs specializing in food products as well as an in-house production.
Ukrainian retail chain consisting of 38 stores and distribution centers with 15,000 SKUs specializing in food products as well as an in-house production.
Ukrainian retail chain specializing in food products as well as in-house production.
Locations:
38
Total assortment:
15,000
“The Bee” Supermarkets is a Ukrainian retail chain consisting of 38 stores and distribution centers with 15,000 SKUs specializing in food products as well as an in-house production.
The business faced new challenges due to the 2020 pandemic demonstrating its service level, product range and flexibility in the competitive market. Retailers are now choosing a strategy to deal with internal issues. Many resources can be due to the internal business processes bottlenecks. The retail chain initiated the inventory management system establishment.
Sales Increase
Prior to the Leafio Inventory Optimization Solution introduction, inventory management used to be done manually causing a mess in purchasing:
Company management had a clear vision of inventory management automation to eliminate all bottlenecks:
The Leafio Inventory Optimization Solution's implementation goals were to reduce surpluses, increase sales and create an inventory management structure so as to scale up the business. The key factors of retail chain profitability:
Inventory Management System Implementation Stages
The Leafio Inventory Optimization Solution implementation stages:
The manager of the LEAFIO implementation team was supporting its members throughout all the stages. It is a complete immersion into the project, a proven methodology and a personal approach to each client. The Leafio specialists accompanied users personally when creating the first orders and analyzed KPIs using reports.
System Efficiency In-Depth
The retail chain has completely redefined its inventory management automation, minimized the manual work as well as organized purchasing process more accurately. The headquarters monitor the stock dynamics throughout the retail chain, leading to the strategically proper decisions.
The exact quantity of goods to order
The retail chain employees had some concerns about the probable lack of ordered goods generated by the system at the implementation stage, but they assured in the right calculation. The system's target stock levels are determined at each warehouse for each SKU buffer, it never orders the wrong quantity constantly monitoring the demand dynamics. The separate system algorithm is used for the Fresh category, to make on-time purchases, as well as minimize waste.
High-quality analytics and a new working approach with suppliers
The company has received a new analytics tool of actual data for top management, operational staff and category managers with 20 reports to optimize work with suppliers by assessing the purchases and sales, turnover and balances for the goods and particular supplier reliability.
Many managers are prone to order more as it eliminates lost sales, however, it negatively affects the retail chain's profitability due to overstocks. The Leafio Inventory Optimization system determines a balance without buying more goods if it is not profitable for the retail chain.
sales growth
automated orders
improved turnover
Leafio took the utmost care in our transition to an auto-replenishment system and minimized all losses. After the implementation, we avoided overstocks at the stores and did not face any new losses, although there were expectations of sagging inventory turnover rates and warehouse overload. The Leafio implementation team supported us at every stage, visited us, consulted, and tried to simplify the process as much as possible. The system started ordering better and more efficiently than our employees! It identifies residual sales figures more clearly and also does not react emotionally to a surge in sales like a human would. It also protects against unexpected spikes in sales.
Leafio Inventory Optimization