Optimized inventory is a must in an omnichannel landscape. By leveraging real-time modeling to uncover customer patterns, retailers can adjust assortments — and amounts — of merchandise based on when customers are ready to make a purchase, according to Kevin Stadler, president and CEO of 4R Systems.
Chain Store Age recently spoke with Stadler regarding how forecasting, risk assessment, machine learning and predictive analytics are paramount in optimizing inventory and positioning retailers for maximum profitability.
Get a deeper look at the “Look Ahead & Application Delay” features 4R uses to help retailers manage peak times throughout the year such as Christmas, Easter, Mother’s Day, and other holidays by bringing in inventory early.
Mark Garland, EVP Sales, Marketing & Solutions at 4R explains how you can retain your customers and not lose them to Amazon due to being out of stock. [Read more…]
Retailers have no shortage of data—just the opposite. With so much data, it can be challenging to recognize patterns without advanced technology.