Industry overview
The absence of proper retailing, storage, and other infrastructure facilities leads to the wastage of more than 12-15% of fruits and vegetables every year in India. The industry is fragmented, and the lack of proper infrastructure leads to systemic wastage across the board.
The Problem
The retailer operates across hundreds super market and hyper market formats across India, supported by a huge network of distribution centres, fruits and vegetables collection centres and staples processing centres.
The retail chain aspires to improve their ability to anticipate demand for fruits and vegetables and reduce wastage & stockouts. They also want to automate their internal procurement processes to order Fruits and Vegetables. This will improve the utilization of valuable man-hours and lessen the burden on the stores to manage the process of indent.
Our role
The retailer asked Ganit for help in developing & deploying a solution to manage its in-stock availability of F&V products, minimize its wastage losses & loss of revenue due to stockout.