iStudio
How electronic stores got rid of the problem of unbalanced inventory and improved turnover rates. The transition from manual management to automation of inventory management using the example of the iStudio case.
How electronic stores got rid of the problem of unbalanced inventory and improved turnover rates. The transition from manual management to automation of inventory management using the example of the iStudio case.
iStudio is a chain of multi-brand electronic stores with a wide range of Apple products, gadgets, audio systems, headphones, software, and accessories.
Locations:
17
Total assortment:
9,000
Years on the market:
9
Before implementing the inventory management system software, iStudio faced the problem of unbalanced stock and the lack of an assortment matrix in the accounting system. All orders in the network were formed semi-automatically using an accounting system and Excel. The assortment was determined for each order based on suppliers’ residuals in manual mode. This approach to order formation required a lot of time and caused inevitable errors due to human factors. A surplus of low-margin SKUs and frozen capital in goods hindered network growth and scaling. The company needed to change its business processes and optimize inventory throughout the network.
The main goals of the LEAFIO Inventory Optimization implementation project in the iStudio network were:
At the initial implementation stage, a thorough analysis of business processes in the iStudio network was performed. The data from the customer’s inventory system was integrated with the LEAFIO solution. Before the launch, the implementation team held training sessions on the LEAFIO Inventory Optimization functionality for the store network employees. Further on, all of the main product categories were connected to the inventory management system. The system manages about 9,000 SKUs.
In the course of implementation, LEAFIO was adapted to the requirements of the network, and processes were set up:
The joint work of LEAFIO and iStudio resulted in the following:
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