The solution uses prescriptive analytics for profit-optimal inventory assortment and quantifies the benefits of key merchandising decisions, increasing localisation and reducing SKU proliferation. 4R invites retailers to meet with their team 8-9 May 2017, Olympia, London, UK at Stand 510.
BERWYN, PA, USA, 2 May 2017 – 4R Systems, Inc., a leading provider of advanced omni retail inventory and supply chain solutions, announced its next generation assortment optimisation solution for omni retail chains. The company uses science and technology to help retail chains maximise profit from their omni retail inventory investment.
Many retailers use predictive analytics to determine assortment across their retail chain. 4R’s solution uses prescriptive analytics and machine learning to uncover correlations between product attributes and sales, identify substitution patterns, model the impact of promotions and seasonality, and predict demand for each item at every location, even where a product has never been sold. This equips a retailer to identify winning SKUs, prevent negative effects, and correct for stockouts.