SnapShopMart Group & Datavtar: Navigating Inventory Challenges with Data-Driven Strategies
Redefining Inventory Management and Demand Planning in the Food & Beverage Retail Industry
By Abhishek Kotecha, Founder & CEO, Datavtar Inc.
Published on 10 June 2023
Introduction
SnapShopMart Group, a leading food and beverage retailer in Slovakia, grappled with challenges in managing inventory and planning demand. Misalignment between demand and supply led to issues of stockouts and overstock, affecting their bottom line and customer satisfaction.
The Solution
SnapShopMart Group enlisted Datavtar's expertise to revamp their inventory management and demand planning strategies. Our suite of services and enablers was the catalyst for transformation.
We commenced with our Data Foundations service under Ignite, aiding the retailer in establishing a robust data infrastructure. Subsequently, our Complete Analytics service from the Insight category was employed, enabling SnapShopMart to delve deep into its existing inventory data. Concurrently, the Data Exploration service identified gaps and scopes for improvement in data collection, highlighting areas requiring additional data points.
Our Future Predictions service applied advanced analytics techniques to forecast demand trends, enabling more effective demand planning. The Decision Guidance service from our Impact category converted these data-driven insights into actionable strategic and operational decisions.
As an enabler, our Global Managed Services provided ongoing management, ensuring seamless execution and continued optimization of the inventory management and demand planning processes.
Impact
Our comprehensive solution led to an improved inventory turnover ratio, signalling more efficient inventory management. It also reduced stockouts and overstock scenarios, ensuring smoother operations and higher customer satisfaction. SnapShopMart Group's operations became more data-driven, enhancing their decision-making process.
"Working with Datavtar has brought about a significant transformation in our inventory management and demand planning processes. Their comprehensive solution made our operations more efficient and data-driven."
- COO, SnapShopMart Group
Further Engagement
SnapShopMart Group continues to partner with Datavtar for ongoing inventory management and demand planning, leveraging our Global Managed Services to ensure smooth operations and sustained benefits.
This case study is hypothetical and intended to demonstrate the potential of Datavtar's services.