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Introduction: Korean Conglomerate’s Subsidiary- Lotte Confectionery SEA Pte Ltd in Singapore Lotte Confectionery is a South Korean company established in 1967. It manufactures and sells more than 200 products to more than 70 countries. It is a subsidiary company of Lotte Group.
Lotte Confectionery SEA Pte Ltd in Singapore is a Distributor to popular Retail Chains and Direct Seller to end-Customers primarily for Lotte Pepero, Biscuits, Cookie, Crackers, Ice-Cream, Candy, Chewing Gum and Chocolate and Snack and Health Foods. Cream, Candy, Chewing Gum and Chocolate and Snack and Health Foods.
Industry: FMCG/CPG Wholesale and Distribution
Challenges:
• No Systems to manage the high-volume SKUs with integrated SO, PO & Financials.
• Business ran on a hairball of several spreadsheets and rudimentary financial system. • Basic operations required duplicate data entry leading to inefficiency Lacked end-to-end visibility into Inventory, Purchasing and Sales.
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