Scientific institution selects software developer as partner under EU innovation programme

Aloe Co has successfully completed the projectProduction schedules and inventory management in small and medium enterprises”, implemented jointly with the IT Institute of the Bulgarian Academy of Sciences. The initiative was funded by the National Innovation Fund under the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA), as part of the EU Competitiveness and Innovation Framework Programme.

After investigating several different companies, our choice for partner in the project fell on Aloe Co since the company possesses significant experience in the development and deployment of business management information systems and also fully conformed to our strict criteria. The main objective of our joint project was elaboration of innovative methods and approaches for a practical solution to two major tasks in the management of small and medium enterprises operating in the field of manufacture and supplies; the object of the first task was schedule preparation for optimization of production workloads, and the second was connected with warehouse reserve management. By virtue of the excellent coordination between the teams of ITI – BAS and Aloe Co, we succeeded in achieving our objectives, within the envisaged time terms, while all review documents on the different phases were accepted without comments,” says Assoc. Prof. Vladimir Monov, PhD, from the IT Institute with the Bulgarian Academy of Sciences.

The project was initiated in 2008 and covered four phases, each lasting six months, where ITIBAS was engaged in the research and scientific aspects, while Aloe Co OOD was responsible for scientific and applied activities by developing a software prototype for optimization of production schedules and management of warehouse reserves. The programme modules were tested in a real environment where they were applied to current company tasks. Both Bulgarian and global practices in the specific field were studied for the needs of the project.

“Within the project’s framework, we have acquired specific know-how in the field of partnership with leading scientific institutions, namely ITI – BAS. During the post-project phase, the software prototype will remain as part of our ERP system  - EnterpriseOne. In this way, the results of our cooperation will be available to small and medium Bulgarian enterprises which will be able to take advantage of the innovative methods for optimization of production capacities and warehouse management,” says Natalia Futekova, manager of Aloe Co.

Our company has long traditions in cooperation with scientific organizations. Aloe Co provides free training materials and licences for the ERP solution EnterpriseOne to universities across the country. The company also assists graduates in the preparation of their Master’s and Bachelor’s theses.