The holiday shopping season is right around the corner and for many retail owners, this can be a stressful time for many reasons. There are larger crowds, a need for extra staff, the general strain of the holiday hustle and bustle and the guessing game of how much extra inventory you’re going to need in your store to accommodate those crowds. [Read more…]
Phantom Inventory may sound like the latest Ghostbuster or Batman flick, but the truth is this is a real thing that is causing hundreds of retailers to lose profits every day over misplaced merchandise.
RIS News Editor-in-Chief Joe Skorupa Interviews 4R’s CEO Kevin Stadler NRF’s 2017 Big Show in New York.
4R invites retailers to register now for Rock & Roll Retail. Space is limited!
When: January 16, 2017 | 8:30 pm – Midnight
Where: Hard Rock Cafe | 1501 Broadway, NY, NY
4R invites retailers to meet with their team January 17-19, 2016, at booth 3481 to learn how the company uses science and technology to help retail chains maximize profit from their omnichannel inventory investment. 4R efficiently manages $45 billion annually in retailers’ revenue.
BERWYN, PA, Monday, January 18, 2016 – 4R Systems, Inc., a leading provider of advanced inventory and supply chain services that uses science and technology to help retail chains maximize profit from their omnichannel inventory investment, announced Seasonal Allocation 2.0 Solution is now in general availability.
Seasonal Allocation offers retailers a cloud-based suite of tools to manage the allocation of short seasonal products through their entire lifecycle, from initial pre-season allocation through to post-season analysis. Seasonal Allocation clients can define and configure seasons, customize the demand profile for each SKU, manage initial and weekly store allocations, and review season performance during and after the season, all via a web-based graphical user interface. The Seasonal Allocation forecasting engine blends multiple components in different weights during the season to maximize accuracy. It then applies a proprietary optimization algorithm to produce allocations that balance the risk of stock outs against the cost of stranded inventory at each week of the season.
Kevin Stadler, 4R’s President & CEO, said, “Our Seasonal Allocation 2.0 Solution for retailers brings a new level of simplicity and accuracy in the supply chain. Retailers using our Seasonal Allocation Solution will see higher levels of both revenue and profit in their fashion and short seasonal products.”
4R offered Seasonal Allocation to a limited group of retail clients in 2015. After verified profit improvements in each case, the company is offering the solution to any retailer challenged to maximize profit opportunity from seasonal and fashion inventory.
Seasonal Allocation Solution 2.0 delivers four key advantages over traditional retail allocation solutions:
- The web interface provides tools to assign seasonality profiles at any level of the SKU hierarchy, using historical profiles or creating new ones, to best model expected demand.
- The forecasting engine blends multiple components in different weights during the season to maximize accuracy.
- The store allocations are calculated to maximize the profit of each item, including support for case packs and prepacks.
- The solution is cloud based, minimizing the initial investment and providing a return-on-investment in months, not years.
Retailers can learn more about 4R’s Seasonal Allocation at the NRF’s Big Show, January 17-19, 2016, at booth 3481. Qualified retailers can obtain a free NRF Expo pass by visiting http://4rsystems.com/nrf/, courtesy of 4R Systems.
Stadler added, “No other solution on the market today can match the ROI of our seasonal allocation solution.”
4R invites retailers to meet with their team January 17-19, 2016, at booth 3481 to learn how the company’s newest solution optimizes inventory assortment to increase profit.
BERWYN, PA, Sunday, January 17, 2016 – 4R Systems, Inc., a leading provider of advanced inventory and supply chain services that uses science and technology to help retail chains maximize profit from their omnichannel inventory investment, announced an assortment optimization solution designed to increase profit.
4R’s solution positions retailers to model demand for products in a category by their attributes and find the best set of products to maximize sales or profit. AO also helps determine the optimal number of products for a retailer’s omnichannel inventory.
Source: Nucleus Research
THE BOTTOM LINE
The Vitamin Shoppe deployed a solution from 4R Systems Inc. to improve replenishment and inventory performance for both its in-store and online business. Nucleus found that 4R’s Store and DC Replenishment Optimized Inventory Service allowed the specialty retailer to take profit margins into account in determining inventory replenishment.
- Increased in-stock availability of store product from 90 to 96 percent
- Upped inventory turns from 30 percent.
- Cut back order rates from 10 to 4 percent
- Achieved payback under the target date of two years
Improved customer experience and financial results are central to the engagement. Pep Boys’ complex inventory environment demands a solution beyond what traditional replenishment systems offer.
BERWYN, PA, August 27, 2015 – 4R Systems, Inc. announced its selection by Pep Boys to deploy its retail inventory solution across the retail chain’s 800+ stores in 35 states and Puerto Rico. Pep Boys holds 16 million SKU’s on replenishment. 4R’s scientific algorithm matches supply with demand for each SKU throughout the entire omnichannel supply chain. The system is designed to deliver an improved customer experience and improved financial results.
Azure positions 4R for greater growth and brings more SAN, server power and cooling capacity.
BERWYN, PA, August 13, 2015 – 4R Systems, Inc. announced its move to Azure as its cloud platform of choice. 4R, a leading provider of advanced supply chain analytics which help retailers gain significantly increased profits by optimizing their omnichannel inventory investments, serves large retail chains nationwide.
The company has a growing list of national retail customers, and each new customer results in terabytes of data being created and the need for more computing power. The company chose to leverage the benefits and scalability of the cloud while keeping costs in check.
David Leonard, 4R’s CTO said, “We were faced with a choice: continue to make investments in our in-house data center, or move to a cloud platform. We chose to take advantage of the flexibility and scalability of Azure.”
The company designed a virtual private network between its data center and Azure using a dedicated, high-speed connection. 4R requires high-performance data access so it took advantage of Microsoft’s Azure Premium Storage.
“We are excited 4R has selected Microsoft Azure as its cloud platform of choice,” said Nicole Herskowitz, Senior Director of Product Marketing, Microsoft Azure. Growing companies like 4R choose Azure because of the flexibility it offers and the ability to tailor its business to the needs of its clients without technology constraints.”
4R has already moved one client into full production in Azure, and has several more provisioned and ready to go.
Retailers interested in reading 4R’s mini case study can download it here.
Watch the opening bell and a nice mention of 4R’s sponsorship at 5:45.