Plavno
Cases
90% Forecast Accuracy for a Retailer from Moldova

AI-Powered Retail Demand Forecasting Achieving 90% Accuracy

Need

Enhance demand forecasting accuracy with AI to reduce inventory days on hand and optimize stock levels

Solution

Сloud, AI-based solution for demand forecasting and analytics modules to monitor days sales of inventory

Technologies

Big Data

Artificial Intelligence

Cloud

Machine Learning

Result

Partnering with Plavno, Verde Local lower its days sales of inventory from 27 days to 18 days, improved overall demand forecasting accuracy to 90%, and increased on-shelf availability to 75% across the entire store chain. As a result of the new solutions, Verde Local was able to increase revenue and open 15 new stores in 6 months

90%

accuracy of demand forecasting

75%

on-shelf availability

days sales of inventory

Customer

Verde Local is a food retailer from Moldova. Currently it has 83 stores and employs more than 4,000 people. The assortment includes over 9,000 SKU. In 2021, in order to support the intensive development and growth, Verde Local decided to develop a new strategy for long-term digital transformation. The strategy included updating the existing demand forecasting software and merchandise management system

Demand Forecasting

Challenges & solutions

Increase in Revenue

Problem

Verde Local used an existing out-of-the-box solution to forecast demand. The forecasts were 30% accurate. This resulted in lower sales, increased inventory and lost profits. The average days sales of inventory was 27 days. Due to overstocking, on-shelf availability did not exceed 50%. All these problems had to be solved by implementing a custom demand forecasting solution

Solution

Our custom demand forecasting solution was supposed to accomplish three issues: increase inventory utilization ratio, improve the accuracy of demand forecasts, and increase the average on-shelf availability. As the result, overall demand forecasting accuracy improved to 90%, days sales of inventory decreased from 27 days to 18 days, and on-shelf availability increased to 75% across the entire store chain. As a result of the new solutions, Verde Local was able to increase revenue and open 15 new stores in six months

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process

Crystal clear process

Agile methodology forms the cornerstone of our work philosophy. Through a seamless blend of innovative practices, including regular demos, comprehensive progress tracking, and a unique pay structure based on hours invested, we've constructed a workflow that ensures optimal outcomes and client satisfaction.

discovery

design

development

Testing

Launch

Maintenance

Conduct market research

UX Research

Components

Perform integration testing

Address issues in staging environment

Audience analysis

Moodboards

Develop UI components

Test personalized algorithms

Monitor customer satisfaction

Identify key features

Prototyping

API integrations

Deploy to production

Gather user feedback

Define project scope

UI Design

Implement custom features

Address and fix bugs

Updates and improvements

project team

Launch, accelerate and support your business with our teams

Alexander

Backend

Expertise

Senior Backend Developer with an experience in Drupal and Shopify. Successfully delivered 10+ projects.

PHP

Drupal

Laravel

Express

Docker

Shopify

Michael

Mobile

Expertise

Mobile Developer with 4+ years of experience in React Native and Flutter apps development.

TypeScript

GraphQL

Node.js

Docker

Anastasia

UX/UI Designer

Expertise

UX/UI designer leveraging 6 years of expertise to bridge the gap between user needs and satisfy customers.

Web/Mobile

UX Audit

Prototyping

Graphic

Testimonials

“They really understand what we need. They’re very professional.”

The 3D configurator has received positive feedback from customers. Moreover, it has generated 30% more business and increased leads significantly, giving the client confidence for the future. Overall, Plavno has led the project seamlessly. Customers can expect a responsible, well-organized partner.

Sergio Artimenia
Commercial Director, RNDpoint

FinTech

Project description

Plavno has developed a web application for a product development company. They’ve built a 3D configurator that allows clients to design a unique final product by choosing colors, materials, and other options.

“The quality of their work speaks for itself.”

Plavno has completed the project within five months and helped to save $400,000 on client’s crypto startup launch. The client has also recorded one million onboarded users in a year. Moreover, Plavno provides high-quality codes, offers 24/7 interactive support, and communicates well.

Margarita Gushchina
Recruiter, Expert Soft

Blockchain

Project description

Plavno has created a multi-layered ecosystem designed to accelerate the ownership economy and address a software development firm's main paradigm shifts. They've used Node.js, Solidity, and PostgreDB.

“We are very satisfied with their excellent work”

Through the partnership with Plavno, we built a system used by more than 40 million connected channels. Throughout the engagement, the team was communicative and quick in responding to our concerns. Overall, we were highly satisfied with the results of collaboration.

FinTech

Project description

Plavno was hired by a YouTube network to develop an internal portal for bloggers that handled Google reports for their company. They also built an e-wallet and a system where users' information was collected.

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