DALLAS – April 13, 2020 – Symphony RetailAI, the leading global provider of AI-enabled revenue growth management solutions and customer-centric insights for retailers and CPG manufacturers across the entire value chain, today announced that Korablik, one of the largest networks of children’s stores in Russia, went live with Symphony RetailAI Warehouse Management.
Korablik’s first store was launched in 2000 in Moscow. Now operating 210+ stores in more than 100 cities throughout Russia, their products include fresh food, maternity items, children’s clothing, shoes, toys, furniture, strollers, hygiene items and other accessories.
With the development and rapid growth of their business, Korablik required a new and comprehensive solution that would support the significant increase in operations in its warehouses. The new warehouse management solution needed to also fully support the efficiency of all operations at DC level, from picking processes to balancing the increasing workload of shipments to dozens of stores. After a thorough review of the market, the new warehouse management solution was selected and implemented to provide accurate capabilities and to set up modernized, end-to-end DC processes.
“Because we are among the top companies in the children’s goods segment, as well as being the winner of the “Golden Bear,” the national award for the children’s industry, we believe that control, quality and traceability are fundamental to our logistic processes to better serve our customers” said Artem Elizarov, Director of IT, Korablik. “This is why we decided to open our first warehouse and internalize all our logistic operations for a better control. Symphony RetailAI provided the best solution in terms of functionality and rapid deployment through a local partner.”
“We are honored that Korablik selected us to equip their first DC and support the growth of their business. The retailer was looking for a comprehensive solution to support all its end-to-end processes and improve its traceability, and it’s exciting to see our warehouse management suite up and running,” said Stanislav Krupnik, Head of Sales – Central Europe, Symphony RetailAI. “We look forward to supporting KORABLIK in leveraging our solutions to improve their processes of picking, storage and control operations.”
Implementation of the Symphony RetailAI Warehouse Management is being done by a local partner, Consulting for Retail, who has broad experience in warehouse management operations and end-to-end supply chain planning. Their expertise enabled the new warehouse management solution to be tightly connected to replenishment and logistic processes.
About Symphony RetailAI
Symphony RetailAI offers the FMCG industry’s only integrated AI-enabled marketing, merchandising and high-performance supply chain solutions for retailers and CPG manufacturers designed with customer insights to fuel recommendations for profitable growth. Founded on CINDE and GOLD enterprise solutions, Symphony RetailAI’s innovations span the retail value chain from agile merchandising, promotion optimization, personalized marketing, fresh food and store management, to demand forecasting and inventory management. A strong global partner ecosystem helps us serve more than 1,200 organizations worldwide – including half of the world’s top 30 grocery retailers and all of the top 25 global CPG manufacturers – all through the Symphony Retail Cloud, driven by Microsoft Azure Cloud. Symphony RetailAI is a SymphonyAI company. For more information visit symphonyretailai.com.
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SymphonyAI Group is the fastest-growing private group of B2B AI companies, backed by a $1 billion commitment to deliver next-generation AI solutions for transforming the enterprise. SymphonyAI Group addresses use cases in retail, healthcare, financial services, industrial, manufacturing, defense, and media. Since its founding in 2017, SymphonyAI Group has grown rapidly to a group of six companies with a combined revenue run rate of $300 million. Over 1,700 talented leaders, data scientists, and other professionals operate the group under the leadership of one of Silicon Valley’s most successful serial entrepreneurs, Dr. Romesh Wadhwani. For more information visit symphonyai.com.
Ketner Group Communications (for Symphony RetailAI)
Korablik is one of the largest children’s store chains in Russia. Our priority is customer care. By offering the best products and modern services, we improve the quality of life of every family.
Our first store appeared in 2000 in the Maryino metro area of Moscow. Now Korablik has more than 150 stores in 100 cities throughout Russia.
We have won the Golden Bear Cub National Children’s Product Industry Award in the Shop of the Year nomination as well as the Customer Awards.
Our assortment includes products for expecting women and everything needed for children from birth to nine years: fresh food from famous brands around the world, a variety of toys, clothes, shoes, furniture, strollers and much more. Korablik stores carry only certified high-quality products.