Russia's M.Video Selects Predictix Planning And Forecasting SaaS Solutions
Predictix recently announced that M.Video, a leading consumer electronics and home appliance retailer in the Russian Federation, has selected its software-as-a-service (SaaS) solutions and begun implementation to improve the company's planning and forecasting processes for the 163 store retail chain.
To achieve its top business priority for 2009, M.Video needed a comprehensive planning and forecasting solution with fast time-to-market that would help the company reduce its inventory and increase item availability amidst tough market conditions. With this project, M.Video hopes to improve store-level service by having the merchandise its customers want, in the right stores at the right time. The retailer also required the ability to perform forecasting at the SKU level to support its purchasing decisions – so it turned to Predictix with the goal of meeting these needs in a quick timeframe.
The implementation is a joint project with Deloitte CIS, a Predictix partner and leading business consulting group for retailers in the region. Deloitte CIS will act as M.Video's local partner during the implementation process, with Predictix managing the technical configuration while Deloitte CIS handles the business process, change management and training angles.
As the first solutions of their kind, Predictix Planning and Forecasting surpass traditional retail planning and forecasting solutions by offering feature-rich modules accessible anywhere over the Web. Predictix solutions can be quickly and easily tailored to meet a retailer's specific needs and provide innovative features not found in traditional systems. With the flexibility of the SaaS model, every solution within Predictix's consumer-centric merchandising suite is offered as a monthly subscription with no long-term contacts, additional hardware requirements, or ongoing maintenance and upgrade fees.
"Predictix proved that it could deliver its Planning and Forecasting solutions in a short timeframe and also had the extensive experience we were looking for in working with leading Western and Russian retailers," said Alexander Tynkovan, president and CEO of M.Video. "By helping us work toward our goals of reducing inventory and improving merchandise availability to meet our customer demands, the Predictix implementation aligns with our top priorities for the year."
"With M.Video's continued growth, the company needs quick results – and a traditional merchandising solution could not provide that," said Molham Aref, CEO, Predictix. "We are working quickly and diligently with Deloitte CIS to give M.Video greater transparency to the supply chain so it can maintain and even improve its efficiency, accuracy and customer service."
About Predictix
At Predictix, we help Tier 1 retailers and brands make better merchandising decisions with the first and only software-as-a-service suite for planning, allocation, assortment and space optimization, pricing, promotions, forecasting, and replenishment. Building on our executive team's experience in leading well-known retail technology companies, we've developed our software from the ground up so our clients can completely tailor and readily adapt it as their business needs change. We implement our solutions rapidly – and with no hardware to buy, software to install, large up-front investments to make, or long-term commitments to sign, our clients can move quickly and confidently on their merchandising initiatives. In essence, we are changing the way retailers and brands invest in and get value from technology. For more information visit www.predictix.com.
About M.Video
OJSC "Company "M.video" (M.video) is Russia's largest consumer electronic retail chain. The company started its operations in 1993, and in November 2007, M.video became the first publicly traded company in the domestic consumer electronic retail sector; its shares are traded on Russian RTS and MICEX (ticker: MVID).
Based on sales results in 1H 2009, M.Video is the number one Russian consumer electronics retailer. In 1H 2009, M.video retail sales reached 38,4 billion Russian rubles (with VAT) demonstrating 12 percent growth compared to 1H 2008. As of June 30, 2009, M.Video operates 163 retail locations in 67 Russian cities as well as two online stores. The total space of M.Video stores accounts to 430,000 sq. m.
M.Video offers its customers approximately 20,000 SKUs of audio/video, digital, small and large home appliances, media and entertainment products as well as accessories. The retailer sells brand name products in addition to exclusive and private label goods. M.Video generally operates its stores under a uniform format and a specially designed store concept to provide customers with approximately 2,000 square meters of easy-to-navigate shopping space and information about products and upcoming trends.
In addition to providing an efficient and customer-centric retail store format, M.Video believes that it has distinguished itself by offering its customers a wide assortment of quality and innovative products as well as outstanding customer service, whether through the product knowledge of the sales associates, comprehensive service agreement, or 24-hour customer care center.
SOURCE: Predictix