01/02/2019

Press release: Forecast NOW System Will Be Implemented at TATNEFT's Filling Stations Nenwork

The delivery of the Forecast NOW solution and its implementation in the network of the Company's filling stations will be carried out by OOO Ingenious Tim.

The choice of a product by a Russian developer took place within the framework of a tender held by TATNEFT for the implementation of a demand forecasting system and the inventory management for a filling stations network, where software solutions of domestic and foreign production were considered.

The Forecast NOW system developed by OOO Ingenious Tim allows reducing excess stocks and illiquid assets, increasing turnover and satisfied demand by creating a high-precision forecast of product demand, automating the orders to a supplier, and managing the range of the products ordered.

Application of the solution offered by Ingenious Tim Company has already been tested on trading companies, assessing the need for efficient management of the inventory stocks, their distribution among warehouses and retail outlets, as well as the analysis and forecasting of the future demand to increase competitiveness.

An expanded retail chain, which includes 711 filling stations, represents the TATNEFT brand today with 602 of them located in the Russian Federation.

The strategy of development of the retail and distribution network until 2030 was worked out and approved in 2018, which plans provide for implementing a set of measures to ensure an increase in retail sales of petroleum products and revenue growth in terms of related products and services

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