"The Baltic textiles" automated processes of optimization of stock balance and forecasting of trade inventories

2019

Optimization of stock balance and forecasting of trade inventories

On September 13, 2019 Corus Consulting Group announced project completion on connection of distribution company "Baltic Textiles" to a cloud service "Korus: Inventory management", intended for optimization of stock balance and forecasting of trade inventories. The solution already helped the distributor to increase control accuracy stocks and to reduce time spent by employees for formation of orders since a week till several o'clock.

In recent years the company significantly expanded sales markets and an assortment portfolio – for September, 2019 in it more than 20 thousand SKU. Automation of purchases was required to "The Baltic textiles" for more exact and fast supply planning and determination of optimal inventory level. In addition, through service the company was going to lower an excessive commodity remaining balance and illiquid assets.

Specialists of Corus Consulting connected seven regional warehouses of "The Baltic textiles" to service: organized data exchange in a system and set up the solution taking into account specifics of internal business processes. Quick start of work with service allowed to lower quickly a share of illiquid goods and to considerably reduce time for order management. Earlier managers of logistics predicted demand manually, conducted calculation and the analysis of a large number of different parameters and conditions of the order and spent for this process more than a week. Use of service allowed to reduce this procedure to few hours – business users receive all orders already created, they need only to check result.

Important results of steel for us optimization of a trade inventory of the company and significant reduction of time for formation of orders. Thanks to service we minimized participation of the person in demand forecasting on our products, now supply rate on warehouses correlates with demand much more precisely. It allows us not to allow overstockings of warehouses and at the same time deficit of goods, providing permanent existence of necessary amount of fabrics in warehouses through the whole country, comments Eduard Gerter, the head of the logistics department "The Baltic textiles"

Traditionally high interest in control automation by deliveries show retail network. In process of increase in dynamics of the market distributors also felt the need for more advanced analytics, forecasting and automation of routine transactions. Services which are capable to yield a fast financial result without essential costs for IT infrastructure allow business to release the 'frozen' means and to develop more steadily,

Automation of process of management of stocks

On April 4, 2019 Corus Consulting announced automation of process of management of stocks at Baltic Textiles factory.

In the company the accurate scheme of deliveries of products and internal interaction between divisions was built that allowed to support the acceptable level of service.

Taking into account plans for business development, the company management "Baltic textiles" made the decision on automation of purchases. Use of the specialized solution should reduce labor costs by formation of supplier orders, align inventory condition and increase supply planning accuracy. The taken measures will allow to make quality of service for clients higher, having provided existence and timely delivery of goods.

In an analysis result of proposed solutions the Baltic Style company stopped the choice on a cloud service of KORUS

For April 4, 2019 data exchange is configured and setup of service under individual business processes is made. In the long term seven regional warehouses and the distribution center will be connected to service.

The efficiency of actions for process optimization in many respects depends on degree of the involvement and motivation of employees from the customer. The project about 'The Baltic textiles' – one of examples of harmonious team work when a keen interest to the implemented tool, pro-active approach, operational solving of tasks significantly accelerate connection and setup of service, – Tatyana Moskvitina, the head Inventory management, CORUS Consulting Group notes. – This project is of special interest for us as until recently we observed demand for the autoorder generally from retail. But based on a number of connections of the distributive companies, we see that we can help and it is essential to wholesalers to lower warehouse stocks and to become almost necessary condition for the correct development and growth of the company.