How Streamline improved demand forecasting accuracy, inventory turnover and visibility for the vertically integrated production company
About the company
VM Finance Group stands out as a leading holding in Bulgaria, known for its diverse range of companies across industries like consumer goods distribution, logistics, media, advertising, education, and real estate. With a track record of successful business growth, global partnerships, and a strong reputation for innovation and excellence, VM Finance Group has become in 30 years the market leader.
As parts of VM Finance Group, Avendi and Delion, successfully operate in the field of distribution and marketing of fast-moving consumer goods, Mоvio Logistics manages services in the logistics sector, A Team is а communication and marketing agency, Manager Media Group is publishing Manager magazine for 25 years. ABC KinderCare centers enforce early childhood education and care practices.
VM Finance group has joint venture partnerships with the French company – Edenred, world leader in the field of prepaid corporate services and the German company – Gebr. Heinemann, one of the world leaders of the international travel retail market.
Challenge
VM Finance Group faced significant challenges due to the complexity of its operations and inefficient supply chain management processes. With a diverse portfolio of companies, especially those handling fast-moving consumer goods, the group struggled with delivery accuracy and forecasting precision. These companies were using Excel, which wasn’t workable. Manual forecasting methods reliant on Excel led to low accuracy, while disjointed inventory management practices were inefficient.
Project
To tackle these issues, VM Finance Group started searching for a complete supply chain management solution and was pleased with the functionality offered by Streamline. The guidance provided by Streamline solution architects throughout the selection process proved invaluable, ensuring they found the best-fit software.
The holding implemented Streamline for three commercial companies they operate in Bulgaria: Food & Beverages companies Avendi, Delion, and Movio, the logistics company. The implementation process included mapping out current workflows, customizing the system to fit specific business demands, and educating users.
Outcomes
“We definitely see Streamline continuing to support our business in the future and recommend it to others seeking efficient supply chain management solution,” – said Dessislav Draganov, Supply Chain Optimizaton Manager at VM Finance Group.
Further Reading:
- How to deal with supply chain processes during the Coronavirus outbreak
- Why switch from Excel to inventory planning software
- Must-read: Smart Supply Chain Management solutions for business processes optimization
- Cross-Functional Alignment in Supply Chain Planning: A Case Study of Sales and Operations Planning [PDF]
- Demand & Supply Management: Collaborative Planning, Forecasting & Replenishment
Still relying on manual work in Excel for planning?
Automate demand and supply planning with Streamline today!
- Achieve optimal 95-99% inventory availability, ensuring you can meet customer demand consistently.
- Attain up to 99% forecast accuracy, getting more reliable planning and decision-making.
- Experience up to a 98% reduction in stockouts, minimizing missed sales opportunities and customer dissatisfaction.
- Cut excess inventory by up to 50%, freeing up valuable capital and storage space.
- Increase margins by 1-5 percentage points, boosting overall profitability.
- Enjoy up to 56 times ROI within one year, with a 100% ROI achievable in the first three months.
- Reduce the time spent on forecasting, planning, and ordering by up to 90%, allowing your team to focus on strategic activities.
