4R Systems

Profit Optimized Inventory for Retailers

Move Forward by Looking Back with Promotion Effectiveness

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4R Systems introduced its 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’ve already explored SKU Rationalization and Clustering Analysis. Next, we’ll take an in-depth look at the third solution – Promotion Effectiveness.

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Get an Aerial View with Clustering Analysis

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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.
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Offer Delivery, but Deliver on Expectations this Holiday Season

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As 2020 comes to a close, many retailers and consumers alike are looking forward to next year. There’s still one more opportunity to close out the year on a positive note: the holidays! Before the pandemic, retailers had decades of accurate data to pull from to create more precise holiday forecasts. Obviously, this year has been a bit more challenging.
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Contactless Doesn’t Mean Communicate Less

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With the holiday shopping season nearly upon us, many retailers are wondering how this year’s numbers will compare to prior years. Since 2020 has been such an anomaly, it is hard to forecast exactly what will occur. Many retail industry experts are still unsure of what will happen during this holiday shopping season, especially during what are normally high traffic shopping days like Black Friday 1.
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Is Your Retail Business Built on a Solid Foundation?

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Retailers Can Learn Valuable Lessons from the World’s Tallest Skyscrapers

When visiting New York or another major city for the first time, the number and size of all the skyscrapers are without question one of the most notable elements. The term skyscraper literally means to erase or block out the sky. These are massive buildings by any account. Undoubtedly, skyscrapers are an impressive feat of modern engineering. However, they wouldn’t be possible without a strong foundation.

Like skyscrapers, retail businesses must also be built on a strong foundation in order to stand firm against the elements. We aren’t talking about physical buildings in this sense, but rather the right solutions which empower retailers to make profitable decisions. In other words, we are talking about the foundation of a profitable supply chain: a profitable demand planning solution.
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Curbside Pick Up Isn’t Just for Food Anymore

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In 2019, a lot of the retail spotlight was focused on BOPIS, Buy Online Pick Up In Store. Brick and Mortar retailers rushed to attract the latest trend of shoppers who wanted to save time and shipping costs by purchasing items ahead of time online and picking it up in store. Retailers loved how it was driving foot traffic to their stores, often leading to additional purchases once they were on site. Now, enter 2020 and COVID-19; another wrench is thrown into the retail industry. Retailers who were hesitant to implement BOPIS are now forced to offer the option or risk losing sales. 2020 not only highlighted the importance of BOPIS, but it also introduced a sister option: BOPAC, Buy Online Pick Up At Curb. According to a recent study, curbside orders have increased by 208% during the pandemic, and 59% of customers say they are more likely to continue curbside pickup after the pandemic.
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