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.
4R Systems is the lead sponsor of the Blue Moon and Coors Brewery Tour event held at NextPoint. This is 4R’s sixth consecutive year participating in the show and will present its latest Merchant Analytics approach.
For the second year in a row, 4R will be participating as a sponsor of the Retail Innovation Conference from May 6-8 in NYC. This year, 4R is a platinum sponsor and invites national retailers to learn how machine learning and AI strategies can help maximize retail profits.
4R will be participating in the Retail Innovation Conference from April 30-May 2 in NYC as a gold sponsor and invites national retailers to learn how to increase profit in challenging economic times.
BERWYN, PA – 4R Systems, Inc. a leading provider of advanced omni retail inventory and supply chain solutions, announced they will serve as a gold sponsor at the 2018 Retail Innovation Conference. The company uses science and technology to help retailers maximize profit from their omni retail inventory investment.
The Retail Innovation Conference offers opportunity for retailers to learn from top retail executives and analysts how to be more profitable and deliver more powerful customer experiences. The conference gives participants best practices and ideas that are actionable and can be implemented within their businesses. Retailers can meet and speak with experts in a relaxed, interactive environment. Additionally, the event offers hands-on workshops, exclusive strategy focused panels, and intimate networking opportunities.
Mark Garland, Executive Vice President Sales, Marketing & Solutions, said, “We are anticipating a great turnout this year at RIC. We are eager to participate in this event and to share what we know about inventory solutions in a more intimate and personal setting. This event offers a fantastic opportunity to network with retail professionals and to learn more about industry trends.”
As a gold sponsor, 4R will host a roundtable discussion on How to Profit Optimize Retail during the event. 4R’s suite of inventory solutions prevent inventory distortion and accurately forecast every SKU in the retail chain. Its proprietary algorithm uses machine learning to help retailers view inventory stocking levels in terms of profitability. 4R’s machine learning powered algorithm uses both predictive and prescriptive analytics to not only predict future behavior, but also to empower retailers to enhance profit generation. 4R’s knowledge and industry insight, coupled with its proprietary technology and solutions has enabled retailers nationwide to increase profitability in their supply chain.
Retailers can learn more about 4R’s retail solutions by visiting https://4rsystems.com/. Get live updates on Twitter by searching for #RIC18. Connect with 4R Systems on Facebook, LinkedIn, and Twitter for insightful industry trends and best practices.
Please accept this courtesy pass to the NRF EXPO with our compliments. The 4R team invites you to visit with them at NRF booth 2683. You’ll want to see what we have in store for retailers wanting to profit optimize their omni retail supply chain!
- Sunday, Jan. 14: 10:30 am – 5:00 pm
- Monday, Jan. 15; 9:00 am – 5:00 pm
- Tuesday, Jan. 16: 9:00 am – 5:00 pm
Please complete the form below and we’ll email you a link to download your courtesy expo pass.
4R sponsors the NextPoint event for the fourth consecutive year and will present its omni retail inventory solutions in a board room setting.
4R Systems, Inc., a leading provider of advanced omni retail inventory and supply chain solutions, announced its sponsorship of NextPoint, October 1-4, 2017 at the Fontainebleau Miami Beach. NextPoint is a gathering of visionaries from top Chain and Restaurant organizations driving innovation that leverages technology in a unique, structured, strategic forum.
4R will present its profit optimized inventory solution in a board room setting where individual retailers can share their inventory challenges privately and confidentially. 4R’s inventory products are tailored around the specific challenges and opportunities of each retailer, and include Initial Buy, DC Replenishment, Vendor Order Optimization, Store & Omni Replenishment, Assortment Optimization, Seasonal Allocation and Markdown Optimization.
Learn how the company’s newest solution uses prescriptive analytics for profit-optimal inventory assortment. 4R will present its solution at NRF’s Annual Expo, Retail’s Big Show; Offers Industry’s Only Profit Guarantee.
4R invites retailers to meet with their team January 15-17, 2017, at booth 1315 to learn how the company’s newest solution uses prescriptive analytics for profit-optimal inventory assortment.
BERWYN, PA, January 11, 2017 – 4R Systems, Inc., a leading provider of advanced omni retail inventory and supply chain solutions, announced its next generation assortment optimization solution for omni retail chains. The company uses science and technology to help retail chains maximize 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. It uses sophisticated demand decomposition logic based on true demand, not just past sales results. This equips a retailer to identify winning SKUs, prevent negative effects such as cannibalism and halo, as well as correct for stockouts. 4R’s prescriptive analytics move beyond showing what happened in the past, and beyond predicting future inventory activity. The solution accurately prescribes what, when, and where each SKU should be in the retail chain. 4R manages over $45 billion in retailers’ revenue and creates over 8 billion reorder points annually.
Mark Garland, 4R’s Executive Vice President Sales, Marketing & Solutions said, “4R’s assortment optimization solution is a retail game changer. Retailers have been pressured to pay exorbitant amounts of money for enterprise solutions with no assurance of increased profit—until now. 4R offers an Inventory Productivity Analysis. It shows in advance how much profit increase the retailer can expect. We always hit our target, or exceed it.”
“4R’s assortment optimization gives retailers the results they want,” added Frank Palazzo, Senior Product Manager for 4R. “Of course this solution solves inventory management challenges, but it doesn’t stop there. The end goal is to maximize profit for every SKU in a retail chain, so we crafted a solution that removes the guesswork and delivers more profit.”
The solution helps retailers increase profit in these ways:
- It identifies winning SKUs, even those not offered in current assortments.
- It quantifies the benefits of key merchandising decisions, increasing localization and reducing SKU proliferation. Clients can see in advance the additional profit from increasing the assortment localization and select the level appropriate to its business.
- Visualization tools enable clients to control assortment size based on revenue, profit, SKU count, space goals or other business constraints.
- It eliminates the need for third party measurement tools by automatically tracking rollout and performance of assortment changes during a pilot test as well as full deployment phases.
- It continually monitors category performance to trigger re-assortment if performance lags as well as on a scheduled basis.
- When combined with 4R replenishment, 4R’s assortment optimization requires no additional data feeds and can calculate the impact of assortment changes on inventory cost.
Like all solutions offered by 4R, assortment optimization is cloud based, requires no capital investment, no additional staff, and minimal IT resources. Deployment and ROI can be realized in a few months, not years!
Retailers can learn more about 4R’s Next Generation Assortment Optimization Solution for Retailers at the NRF’s Big Show, January 15-17, 2017, at booth 1315. Qualified retailers can obtain a free NRF Expo pass by visiting https://4rsystems.com/nrf/, courtesy of 4R Systems.
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