M.Video Extends Its Relationship with Predictix by Rolling out Assortment Planning, Store-Level Forecasting and Target Stock Optimization

NEW YORK--(BUSINESS WIRE)--Predictix today announced that M.Video, Russia's largest consumer electronics retailer, is rolling out Predictix Assortment Planning, Store-Level Forecasting and Target Stock Optimization, building on its earlier successes with Predictix solutions. The Predictix applications have already gone live in several merchandise categories, and M.Video continues to deploy the solutions across all categories, with the full rollout scheduled for completion by this summer.

“M. Video and Predictix are working together to create something very special”

M.Video is now in its third wave of applications with Predictix, with each successive phase building on the others to meet the rapidly growing retailer's fast-changing needs. M.Video initially went live with Predictix chain- and item-level Demand Forecasting and Item Planning, enabling the retailer to build and approve an effective sales plan at the SKU and chain level. In the second phase, M.Video implemented Predictix Purchase Planning, extending the item plan down to the DC and vendor level.

With the current rollout of Assortment Planning, Store-Level Forecasting and Target Stock Optimization, Predictix applications will now support a broad range of pre-season and in-season processes. With more accurate forecasting, planning, and replenishment decisions, M.Video will be able to improve its service levels, reduce overstocks and stock-outs, and continue to deliver a high level of customer satisfaction – enabling M.Video to maintain its leadership position in the rapidly growing Russian retail market.

Key benefits of the Predictix solutions for M.Video include:

Unified platform breaks down silos. The Predictix merchandising suite is based on a unified platform that extends across all Predictix applications and connects seamlessly to M.Video's enterprise applications, including SAP and MicroStrategy. With one unified source of data, analytics and demand forecasting across all applications, Predictix breaks down the silos inherent in traditional stand-alone merchandising applications, enabling M.Video to make better decisions across all its business processes.

Designing for the cloud drives better decisions. The Predictix Cloud 2.0-based architecture brings significant advantages to M.Video, with unlimited computing power on demand that enables more powerful and accurate forecasts. In addition, the built-in flexibility of the Predictix platform allows it to easily adapt to M.Video’s unique requirements and handle the demands of big data, omni-channel retailing, and strategic and in-season planning and forecasting in a way that simply is not possible with traditional software solutions.

Agile evolution keeps pace with a rapidly changing retail market. The built-in flexibility of the Predictix platform also provides a unique advantage that rigid, “deploy and forget” traditional applications cannot match. Predictix works closely with M.Video on an ongoing basis as the retailer adapts its business to stay ahead of the shifting retail market. Predictix applications evolve continuously based on these changing needs to ensure that M.Video maintains its leadership edge.

"M. Video and Predictix are working together to create something very special," said Christopher Mangham, CIO, M.Video. "The solutions we are rolling out are world class, and the Predictix platform and cloud-based architecture have shown the unique ability to adapt rapidly to M.Video's changing needs. Based on our early results, we anticipate great returns when the latest rollout is complete."

"Predictix appreciates our close working relationship with M.Video, and the trust they have placed in us to help them drive better, unified merchandising decisions," said Molham Aref, CEO, Predictix. "The Predictix cloud-based architecture, superior predictive capabilities, and agile approach are ideal for supporting M.Video's growth and expansion, and we look forward to continuing to improve merchandising decisions across all of M.Video's business."

About M.Video

M.video is the leading Russian consumer electronic retail chain and the first and only publicly traded company in its market sector. The company started its operations in 1993. M.video runs 243 brand name stores in more than 100 Russian cities as well as 2 on-line Internet stores. The total space of M.video stores accounts to 614,000 square meters.

About Predictix

Retailers, wholesalers and brands make better forecasting, planning, assortment, pricing, and replenishment decisions with the Predictix merchandising software suite. Our clients get started quickly and see value early, thanks to the only Cloud 2.0 merchandising software suite designed from the ground up to handle the demands of big data, omni-channel retail, and our clients' unique forecasting and planning needs. Predictix solves old and new problems in a fundamentally better way, with an agile, flexible approach to delivery and superior predictive technology that drives better decisions in today’s changing environment. With no hardware to buy, software to install, or long-term commitments to make, we are changing the way our clients invest in and get value from technology. Learn more at www.predictix.com.