Loovatech

A consortium from the EU uniting several dozens of food brands has been successfully using the procurement automation solution developed by Loovatech for 4 years already.

The retail business occupies a significant place in the structure of the group of companies. The company manages several retail chains, including convenience stores, supermarkets and hypermarkets. The management of the corporation decided to automate the process of interaction with suppliers within the subsidiary retail chain. In October 2019, the Loovatech team joined an internal discussion of the tasks and conducted pre-project consulting.

The solution proposed was to develop a public portal for the supermarket chain's suppliers. The MVP was implemented in three months. During six months the system was actively tested and finalized.

The procurement process has been fully automated. Both sides of the process: handling incoming vendor bids, and the initiation and conduct of tenders by the retailer's managers were subjected to digitalization.

Actual results:
4 000+ suppliers are currently registered in the procurement system
2 500+ additional bids received after a full year
1 300+ active product categories are available in the classifier
500+ supermarkets use the system daily
400+ inbound bids are received from suppliers per month
100+ suppliers offer their merchandise on a monthly basis
75 managers of the company are constantly working in the system

Read full case: loovatech.com/cases/automating-supply-management-supermarket-chain

Greetings from Loovatech! We are an IT company from Tallinn, Estonia. Our mission is helping startups and businesses create successful digital products.

We’re driven by creative engineering: coming up with products that progress business forward and make a radical change to the way of doing things. Our team loves solving complex business problems using IT tech — and doing it in a creative and exciting manner.

Loovatech provides a full cycle of digital product development (web and mobile apps) as well as audit, consulting and support.

Unlike many custom development companies founded by developers, who lean towards a more technical spectrum of things, we:
- Really do understand that our job is not about delivering software — it’s about delivering business results.
- Having sincere, genuine interest in the business side of every project is a major staple of our culture.
- Combine multiple complementary competences required to bring the project to a success.
- Can take work on idea / goal level, being confident in delivering the result.
- Put creativity in what we do, helping to seize potentially lost opportunities and find new, smarter ways of solving problems.
- Never try to skimp on people and quality tools. We hire strong professionals and create the best conditions for them.
- Aim for high-quality products and successful projects. Short-term profits ain’t our goal.
- Take work culture and professional ethics really, really seriously.
- Find any tactics that lock your client to your services utterly unacceptable.

Check out our customer’s cases at: https://www.loovatech.com/cases