As a major buyer of food and other perishable products, our client spent countless hours managing data sharing across their supplier base. However, they did not efficiently give suppliers the required data to provide a more accurate and timely service according to forecasted demand.
In search of a solution, this global company sought help from One51 to develop a secure Vendor Managed Inventory (VMI) data platform.
"Lack of transparency made forecasting difficult for our Suppliers."
With stock availability vital, and delivery costs a significant operational expenditure, our client knew it was time to streamline their supply management.
Their goal was to increase transparency and enable greater collaboration – empowering suppliers with the necessary information to plan stock deliveries ahead of time.
Confidentiality was key to success, as it was imperative that suppliers could only see data related to their operation (for the stores they serve and the products they supply).
Designing the Vendor Managed Inventory Data Platform
After an initial discovery process, One51 set about creating a solution that would meet our clients’ needs.
The business requirements asked for a data platform that would:
Enable data sharing of inventory stock levels and wastage, actual sales, sales forecast and marketing and special events calendars at the store level.
Greater Efficiency and Streamlined Collaboration
Ability to plan for promotions