VEON / VimpelCom
Nationwide electronics retail chain: smartphones, tablets, and other gadgets, as well as accessories for them. Part of PJSC VimpelCom is the third-largest wireless and second-largest telecom operator in Russia, part of VEON (NASD:VEON). Annual revenue from electronics sales in 2019 was about $500MM
Project highlights
Situation
During 2018, the number of sales points doubled (from 1’500 to more than 3’000), and facing a lack of transparency and efficiency supply chain issues BEELINE decided to launch a project to solve inventory control performance issues
Solution
Deloitte, as a PMO, and INVENTORSOFT, as a technological partner, within nine months (the standard implementation period of such solutions is between 1 and 2 years), implemented the INVENTOR SYSTEM: a full-cycle solution for planning and distributing electronic products across the retail network
Results
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The total project implementation period was 9 months, including work to support the solution in commercial operation
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The system was in service two months ahead of schedule
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Implemented a scalable layered system for automated inventory management
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The comprehensive replenishment business process has been completely reorganized
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Additional blocks have been developed and implemented to provide specific functionality following the project objectives and customer requirements
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Sales up by 15%
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Gross profit raised by 15%
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Service level raised by 12%
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Inventory level decreased by 15%
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Working capital dercreased by 60%
“The project has become the driving force behind the development of the company’s rapidly growing retail business. Successful implementation of the project had a direct impact on the financial results”
Andrey Larkin
VimpelCom, Executive VP and CFO