News | April 1, 2024

Spar Malta Selects LEAFIO AI Retail Platform To Transform Inventory And Planogram Management

Spar Malta has announced a partnership with LEAFIO AI, to implement a cutting-edge cloud platform for inventory management and planogram optimization in their store chain.

The joint project aims to implement three of LEAFIO's advanced solutions, Inventory Optimization, Shelf Efficiency, and Promotion Intelligence, in Spar stores across Malta. These modules are seamlessly integrated into a unified ecosystem, operating on a shared LEAFIO AI Retail Platform. This integration enables seamless data exchange, providing unparalleled visibility and facilitating swift decision-making processes.

LEAFIO's advanced reporting capabilities will enable Spar Malta to track fundamental inventory management KPIs such as lost sales and overstocks, providing valuable insights for strategic decision-making.

In addition to inventory optimization, Spar Malta aims to enhance its planogram management with LEAFIO's Shelf Efficiency solution. Currently, there are no standardized planograms, leading to inconsistent product displays across stores. LEAFIO's Shelf Efficiency solution provides digital control over store layouts, ensuring consistent and visually appealing product placements.

"At Spar Malta, we are constantly seeking innovative solutions to improve the shopping experience for our customers while ensuring operational efficiency," "Partnering with LEAFIO aligns perfectly with our commitment to excellence. Their cloud platform offers advanced capabilities in inventory optimization and planogram management, empowering us to make data-driven decisions and deliver superior value to our customers," said Joseph Azzopardi, Managing Director at Spar Malta.

LEAFIO's cloud platform utilizes cutting-edge algorithms and machine learning techniques to analyze sales data, forecast demand, and optimize inventory levels in real time. By providing actionable insights and recommendations, the platform enables retailers like Spar Malta to reduce stockouts, minimize excess inventory, and improve overall profitability.

"We are thrilled to partner with Spar Malta and support their mission to redefine retail excellence," said Alex Medwin, CEO of LEAFIO AI. "We at LEAFIO also take care of and adapt to the needs of each partner. That is why after understanding the client's unique challenges, we decided to customize the system's functionality to align with their current tasks.”

The partnership between Spar Malta and LEAFIO exemplifies a shared commitment to innovation, efficiency, and customer-centricity. As Spar Malta continues to expand its footprint and enhance its offerings, the integration of LEAFIO's cloud platform is poised to drive significant benefits across its network of stores, setting new standards of excellence in the retail landscape.

About Spar Malta
Spar Malta is a leading retail chain operating supermarkets and convenience stores in Malta by world famous retail brand. With a focus on quality, convenience, and customer satisfaction, Spar Malta offers a wide range of grocery items, fresh produce, and household products to meet the diverse needs of consumers.

LEAFIO AI Retail Platform provides retailers with powerful, flexible, and responsive automation solutions. With a customer base of over 180 retail companies across 20 countries, LEAFIO helps them stay ahead in the market, improve their resilience to disruption, and generate higher revenue with greater profit margins. LEAFIO designs AI-powered software for various retail processes, including supply chain management, inventory optimization, merchandising, assortment performance, and sales promotion forecasting.