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Refine Inventory Strategies

March 29, 2021 By 4R Systems Leave a Comment

The strongest supply chains have inherent weaknesses that can cause lost revenue or excessive markdowns.

“The only constant in life is change.” —Heraclitus

[Read more…]

Filed Under: 4R Navigator, Blog, Demand Planning, Forecasting, Replenishment

Regain Lost Revenues

March 15, 2021 By 4R Systems Leave a Comment

With 2020 finally behind us, the future for retail is looking bright. Despite a global pandemic, total retail sales still performed well in 2020. The National Retail Federation (NRF) recently announced early findings show a 6.7 percent increase in retail sales from 2019 to $4.06 trillion, and they expect total retail sales to exceed $4.33 trillion in 2021. The BEA also reported consumer spending was up 2.4 percent already in January 2021, which is a great sign for overall economic growth.
[Read more…]

Filed Under: Artificial Intelligence, Blog, Forecasting, Replenishment

Refocus Your Supply Chain

March 8, 2021 By 4R Systems Leave a Comment

To say COVID-19 was devastating for retail and convenience is an understatement. Supply chains weren’t just disrupted; they were thrown into complete chaos. The waves from the supply and demand ripple effects quickly grew, wreaking havoc on the already fragile infrastructure that is the modern-day global supply chain.

While the timeline for when supply chains will return to normal is uncertain, what we do know is that retailers, c-store operators, CPG, and brands have to continue adapting in order to move forward.
[Read more…]

Filed Under: Blog, Demand Planning, Forecasting

Client Interview with Aubuchon Hardware

February 1, 2021 By 4R Systems Leave a Comment

4R Systems President & CEO, Mark Garland, sat down with Jared Brown, the Senior Analyst at Aubuchon Hardware. Mark asked Jared some questions about Aubuchon Hardware, a large privately owned hardware retailer in the northeast united states.

[Read more…]

Filed Under: Artificial Intelligence, Assortment Optimization, Blog, Demand Planning, Forecasting, inventory, Machine Learning

4R Systems Forecasting and Replenishment Solution Rolling Out to North America’s Leading Network of Travel Centers

January 14, 2021 By Ryan Lim Leave a Comment

Pilot Company to implement 4R software in its stores to strengthen inventory management across its network.

BERWYN, PA, January 14, 2021 – 4R Systems, Inc., a leading provider of cloud-based machine learning & AI solutions that help retailers optimize their supply chain and merchandising decisions, announced that Pilot Company has selected its machine learning Forecasting and Replenishment Solution. Pilot Company is the largest operator of travel centers in North America, with more than 750 company-owned locations in the United States and Canada.
[Read more…]

Filed Under: Analytics, Artificial Intelligence, Forecasting, Machine Learning, News, Replenishment

Get an Aerial View with Clustering Analysis

November 18, 2020 By 4R Systems Leave a Comment

Recently, 4R Systems introduced the all-new 4R Navigator – a suite of machine learning-powered analytics services designed to help retailers solve critical business challenges. 4R Navigator consists of four scientifically designed solutions that provide actionable insights with very fast results, and without the typical overhead costs. These solutions can be deployed and provide quick – but substantial – wins in as little as 3-6 weeks.

We already explored SKU Rationalization and how it can help you navigate your assortment. To better comprehend what clustering is, it’s best to get an aerial view of your organization so you can see the bigger picture.
[Read more…]

Filed Under: Analytics, Artificial Intelligence, Assortment Optimization, Blog, Forecasting, Machine Learning

One of These SKUs is Not Like the Other: Navigating Your Assortment

October 12, 2020 By 4R Systems Leave a Comment

Optimizing Your Assortment with 4R Navigator

[Read more…]

Filed Under: Analytics, Artificial Intelligence, Assortment Optimization, Blog, C-Store, Forecasting, Machine Learning

Machine Learning: What It Is and How It Can Help Retailers

February 5, 2019 By 4R Systems Leave a Comment

Analytics in Retail over the past couple of decades has grown from better predictions to better decisions.

[Read more…]

Filed Under: Analytics, Artificial Intelligence, Assortment Optimization, Blog, Forecasting

Trends in Retail

January 25, 2019 By Marsha Shapiro Leave a Comment

The retail world of today is very different than it was 20+ years ago (and, yes, I’m old enough to remember).  But, like the fashion world, some retail trends are coming full circle and starting to make a comeback (remember thinking bellbottoms would never return?). Retail used to be focused on the customer experience. Do you remember getting excited to go to Woolworth with your grandparents just so you could visit the soda fountain for a grilled cheese and milkshake? Years ago, shopping wasn’t just an ‘in and out’ thing. It was an all-day outing with the whole family. It was an experience. 

[Read more…]

Filed Under: Analytics, Artificial Intelligence, Assortment Optimization, Blog, Forecasting, inventory Tagged With: advanced analytics, AI, artificial intelligence, machine learning, retail, Retail Analytics, Trends in Retail

‘Tis the Season for Seasonal Product Inventory Management

November 12, 2018 By Marsha Shapiro Leave a Comment

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…]

Filed Under: Analytics, Blog, Forecasting, inventory Tagged With: advanced analytics, inventory, machine learning, omni retail, Omnichannel, retail, Retail Analytics, seasonal allocation, seasonal inventory, supply chain

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RECENT NEWS

  • 4R Systems Forecasting and Replenishment Solution Rolling Out to North America’s Leading Network of Travel Centers
  • 4R Systems Launches 4R Navigator
  • 4R Systems Taps Mark Garland as President and CEO




Book: The New Science of Retailing


FEATURED ARTICLES

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  • Change is an inevitable part of both life and business. This can be frustrating at times because it causes uncertai… https://t.co/KWRZdJOD5x Apr, 06, 21
  • Providing a positive Customer Experience can directly increase your revenue. With customer demands and expectations… https://t.co/jRIz1HIOsO Mar, 23, 21
  • With 2020 finally behind us, various stats and forecasts are showing the future for retail is looking bright. With… https://t.co/GNQJPLV8vT Mar, 16, 21
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