Enhanced operational efficiency and visibility for the leading FMCG Company

How Streamline improved demand forecasting accuracy, inventory turnover and visibility for the vertically integrated production company

VM Finance Group article image

About the client

VM Finance Group stands out as a leading holding in Bulgaria, known for its diverse range of companies across industries like consumer goods distribution, logistics, media, advertising, education, and real estate. With a track record of successful business growth, global partnerships, and a strong reputation for innovation and excellence, VM Finance Group has become in 30 years the market leader.

As parts of VM Finance Group, Avendi and Delion, successfully operate in the field of distribution and marketing of fast-moving consumer goods, Mоvio Logistics manages services in the logistics sector, A Team is а communication and marketing agency, Manager Media Group is publishing Manager magazine for 25 years. ABC KinderCare centers enforce early childhood education and care practices.

VM Finance group has joint venture partnerships with the French company – Edenred, world leader in the field of prepaid corporate services and the German company – Gebr. Heinemann, one of the world leaders of the international travel retail market.

Challenge

VM Finance Group faced significant challenges due to the complexity of its operations and inefficient supply chain management processes. With a diverse portfolio of companies, especially those handling fast-moving consumer goods, the group struggled with delivery accuracy and forecasting precision. These companies were using Excel, which wasn’t workable. Manual forecasting methods reliant on Excel led to low accuracy, while disjointed inventory management practices were inefficient. 

Project

To tackle these issues, VM Finance Group started searching for a complete supply chain management solution and was pleased with the functionality offered by Streamline. The guidance provided by Streamline solution architects throughout the selection process proved invaluable, ensuring they found the best-fit software.

The holding implemented Streamline for three commercial companies they operate in Bulgaria: Food & Beverages companies Avendi, Delion, and Movio, the logistics company.  The implementation process included mapping out current workflows, customizing the system to fit specific business demands, and educating users.

Outcomes

The implementation of Streamline brought significant improvements in the supply chain and inventory management of VM Finance Group companies. The holding experienced enhanced accuracy in demand forecasting and improved inventory visibility. Standardized workflows streamlined procurement processes, leading to better supplier relationships and more efficient order fulfillment. As a result, VM Finance Group saw increased operational efficiency, reduced costs, and improved customer satisfaction. The project didn't just solve problems right away; it also set the group up for long-term growth and competitiveness. VM Finance Group is thinking of implementing Streamline in other companies they operate. 

"We definitely see Streamline continuing to support our business in the future and recommend it to others seeking efficient supply chain management solution."

Dessislav Draganov, Supply Chain Optimizaton Manager at VM Finance Group

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