Skolkovo resident GoodsForecast has secured a major contract with one of Russia’s biggest food retailers to optimize on-shelf availability through cloud computing.
O'KEY operates in 27 cities across Russia. Photo: http://www.okmarket.ru/
On-shelf availability (OSA) is an IT solution to secure the supply chain and increase the chances that any given shopper can obtain the product they desire at any time.
GoodsForecast’s contract is with the O’KEY chain, a top-10 retailer that operates 108 stores in 27 cities around Russia. O’KEY chose GoodsForecast.OSA after analyzing a wealth of offers from other leading Russian and international IT firms.
“Due to our original innovations and attention to detail, the quality of our system’s prognosis has turned out to be higher than that of our competitors,” Sergei Kotik, the development director at GoodsForecast, told sk.ru.
GoodsForecast software. Photo: http://goodsforecast.com
“In the Russian market we’re competing with big foreign companies such as Oracle and SAP. Not only are we better value when it comes to price, we actually produce better results, which is our main competitive,” Kotik added.
Its technology helps plan sales strategies, predict demand patterns and manage stock through mathematical algorithms.
GoodsForecast, a subsidiary of the Forecsys software group that became a resident of Skolkovo’s IT cluster in 2013, already has clients in beer brewer Baltika, insulator Technonikol and Sedmoi Kontinent, another major supermarket chain.