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Drive More Traffic to Your C-Store

June 18, 2020 By 4R Systems Leave a Comment

Increase Shopper Frequency With Greater In-Stocks

It is no secret that increasing shopper frequency and retaining customers is key to operating a successful c-store. In the last few years there have been several top c-store chains that have been able to drive more foot traffic to their stores, which then leads to increased sales and profits.

C-stores have been a staple in our communities for both local shoppers and travelers who need last-minute or everyday products. They have come very far since the early days of just offering a few snack choices and ice while being open 24/7. Today, c-stores face much greater competition than ever before.
[Read more…]

Filed Under: Artificial Intelligence, Blog, C-Store, Machine Learning

4R Stacks Up its Demand Planning Solution Against Competitors

June 10, 2020 By 4R Systems Leave a Comment

In a previous blog post, we discussed how demand planning is crucial during a crisis. Demand planning is the stabilizing anchor in a volatile supply chain. Demand planning may sound like old technology, but it is the foundation of a profitable supply chain. However, not all solutions are created equal.

So what demand planning solution is right for you? It depends. There are a number of factors to consider before making a decision. While researching the various options, you should evaluate solution providers to see how they perform and compare the results. At a minimum, each solution provider should offer a pilot or trial so your retail company can see estimated profit improvement before making any final decisions. Once a trial is conducted using your stores’ data, you can see what actual results would be for each solution provider to determine value.

[Read more…]

Filed Under: Artificial Intelligence, Blog, Demand Planning, Machine Learning

Demand Planning To Revive and Recover Retail

May 21, 2020 By 4R Systems Leave a Comment

Do demand planning solutions help recover after a period of downturn?

Demand planning is a foundational function of the supply chain. Since shopper behavior seems unpredictable, should you scrap your demand planning structure? In short, no. Demand planning is the anchor in a volatile supply chain.

Even though the supply chain hasn’t kept up with the demand for every SKU, you can still leverage existing data to adjust your demand planning. Eventually, the supply chain will catch up to consumer demand. At the same time, demand spikes for high-value items will decrease. True Demand Planning not only looks at what is selling, but also what could or should have sold if the appropriate stock was on hand. [Read more…]

Filed Under: Artificial Intelligence, Blog, Demand Planning, Machine Learning

5 Things Top Retailers do to Build Powerful Brands

March 30, 2020 By 4R Systems Leave a Comment

Get in on the Secret

Every day comes with announcements of another retailer in trouble… bankruptcy, store closings, executive changes, and more. It can get depressing for those working in the retail world. But if you look closely, weaved into those cautionary tales there are some successes, believe it or not. Many companies are opening more stores, e-commerce companies are opening brick and mortar locations and stores are celebrating successful holiday sales. So, what gives? What is it that the successful retailers are doing and how can we get in on the secret?

Looking at the list of thriving retailers, there are some glaring commonalities. [Read more…]

Filed Under: Blog

Your Technology is Only as Strong as its Human Link

March 5, 2020 By 4R Systems Leave a Comment

At this point in time, trying to live without technology is easier said than done. Technology has so greatly impacted our lives, that it is almost inescapable. In retail, you will be run over without properly utilizing technology. However, interacting with people is a core function in retail environments. This begs the question of how much technology is too much technology? How do you maintain a balance between human and machine?

[Read more…]

Filed Under: Artificial Intelligence, Blog

Community was at the Core of NRF 2020

January 27, 2020 By 4R Systems Leave a Comment

As usual, NRF 2020 proved to be a “vision” of the future of retail. Walking in this year, you were greeted with the normal hustle and bustle, which is only appropriate for a New York City event, and excitement in the air.

[Read more…]

Filed Under: Blog, Events

Clearing the Way to More Retail Profit

September 25, 2019 By 4R Systems Leave a Comment

Removing the Risk, Increasing the Payoff in Your Omniretail Inventory.

No Risk, No Reward?

Enthusiastic investors and gamblers have one thing in common: they want to win BIG. However, trying to win big requires greater risk. With a higher risk, the chances of losing are also higher. Both the investor and the gambler dream of winning big, but often want to find ways to minimize the risk of losing.

[Read more…]

Filed Under: Analytics, Blog

Maximize Retail Profits in Stores with Limited Shelf Space

August 19, 2019 By 4R Systems Leave a Comment

Having limited shelf space doesn’t necessarily mean limiting profit. An effective Assortment Optimization solution solves a growing retail merchandising problem.

[Read more…]

Filed Under: Assortment Optimization, Blog, inventory

3 Ways Assortment Optimization Differs from other
Inventory Related Solutions

August 5, 2019 By Marsha Shapiro Leave a Comment

Assortment Optimization is a powerful tool for retailers to increase profit and improve customer experience and loyalty. It combines cutting-edge machine learning techniques, an agile continuous improvement methodology, and flexible customization to accommodate unique business requirements. Like other related solutions, assortment optimization utilizes machine learning techniques and AI to find the optimal assortment for every SKU in each store location. However, assortment optimization offers other unique benefits.

[Read more…]

Filed Under: Assortment Optimization, Blog, inventory Tagged With: Assortment Optimization, inventory, localization, retail

How AI & Machine Learning Make
Assortment Optimization More Profitable

July 29, 2019 By Stefano Alberti Leave a Comment

AI-based systems do not always make better decisions than humans. Find out why, and how to make sure your system is getting the best of both worlds.

Man vs. Machine

When it comes to Assortment Optimization, AI (artificial intelligence) and machine learning play a key part behind the scenes. While a human perspective helps, there are two important factors that make AI very important: scale and automation. For example, a large retailer with 1,000 physical stores and 10,000 products has as many as 10 million assortment decisions to determine which stores should carry which SKUs, what quantities, and when. Even though a significant portion of product offering is chainwide, that still leaves a formidable number of micro-decisions to be made. This amount of decision-making for humans is inefficient and not very profitable.

[Read more…]

Filed Under: Analytics, Artificial Intelligence, Assortment Optimization, Blog Tagged With: Assortment Optimization, inventory, localization, retail

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