Title
Dongwon Improves Price Forecasting and Inventory Efficiency
Dongwon Improves Price Forecasting and Inventory Efficiency l Databricks Skip to main content Login Why Databricks Discover For App Develop…
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Title
Dongwon Improves Price Forecasting and Inventory Efficiency
Dongwon Improves Price Forecasting and Inventory Efficiency l Databricks Skip to main content Login Why Databricks Discover For App Develop…
Company
Dongwon Group
…rity and Trust Ready to get started? Get a Demo Login Contact Us Try Databricks Customer Stories / Dongwon Group CUSTOMER STORY Strengthening food supply chain resilience amid price volatility…
Description
Dongwon Group, a South Korean seafood, food, packaging and logistics conglomerate, adopted the Databricks Data + AI Platform to unify previously siloed data across business units and enable enterprise-wide AI-driven decision-making. Using Delta Lake and Unity Catalog, Dongwon built a raw material price forecasting model that reached approximately 96% accuracy and an inventory optimization system that saves billions of won per month, while AI/BI Genie and Databricks Assistant enabled natural-language data exploration for non-technical staff.
…e results in revenue and profit protection. Even with extreme price volatility, their new raw material forecasting model achieved approximately 96% accuracy, becoming a critical component in reducing risk for large-scale procurement dec…
Problem
Although Dongwon possessed more than 50 years of accumulated data, their siloed data structure across business units complicated enterprise-wide utilization. Differences in data definitions, formats and aggregation cycles prevented the creation of unified management metrics and consistent analytical standards.
…ir legacy technology environment, which imposed several structural constraints. Although Dongwon possessed more than 50 years of accumulated data, their siloed data structure across business units complicated enterprise-wide utilization. Differences in data definitions, formats and aggregation cycles prevented the c…
Implementation approach
Dongwon Group built an internal analytics platform on Databricks, creating a shared data foundation that supports consistent analysis and reuse across all subsidiaries. A key initiative was D:CUBE, a centralized dashboard that aggregated data from multiple operational systems across all of Dongwon's subsidiaries. The company also established the Dongwon Citizen Data Scientist Academy, scaling Databricks adoption beyond centralized data teams and embedding data-driven decision-making within all business functions.
…cision-making To enable unified analytics and enterprise-wide data utilization, Dongwon Group built an internal analytics platform on Databricks, creating a shared data foundation that supports consistent analysis and reuse across all subsidiaries. This shift expanded access to data for business users while reducing dependenc…
Business value
The raw material price forecasting model achieved approximately 96% accuracy, becoming a critical component in reducing risk for large-scale procurement decisions. Inventory optimization models generated monthly savings of billions of won, monitoring cycles for manufacturing and logistics KPIs were shortened from daily to hourly, and batch processing times were reduced to mere minutes.
…equipment utilization, while also accelerating anomaly detection and response. Monitoring cycles for manufacturing and logistics KPIs were shortened from daily to hourly, greatly enhancing operational responsiveness. From an IT infrastructure perspe…
Industry
Manufacturing
…erprise-wide, data- and AI-driven business innovation.” Share this post Details Industry : Manufacturing Use Case : Analytics and Business Intelligence , Artificial Intelligence , Data…
Technology
Delta Lake, Unity Catalog, AI/BI Genie, Databricks Assistant
…rking with governed data and analytics tools within the Databricks environment. By leveraging AI/BI Genie and Databricks Assistant, the group enabled natural language–based data exploration of the platform, allowing users to ask questions in plai…
Business functions
Supply Chain & Logistics, Finance & Accounting
…econciled data automatically reflected in Power BI, key performance indicators (KPIs) for sales, finance and procurement were redefined using a single, enterprise-wide standard. This ensured that all subsidiaries could analyze performance and make decision…
AI capabilities
Predictive Analytics, Conversational AI
…ant, the group enabled natural language–based data exploration of the platform, allowing users to ask questions in plain language, generate insights more quickly and reduce reliance on technical specialists. A…
Deployment options
cloud
…ly enhancing operational responsiveness. From an IT infrastructure perspective, consolidating previously fragmented systems into the Databricks Data + AI Platform reduced redundant infrastructure costs, ensuring resources are now used only wh…
Country
South Korea
…mpanies across the manufacturing, logistics and food industries. Dongwon Group, one of South Korea’s leading seafood and logistics conglomerates, was no exception. As the company…