Hard Work for Hardware
Let 4R do the heavy lifting to align your end-to-end supply chain, forecast and plan the replenishment and allocation of inventory, and optimize the assortment and product mix for every location.
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In this NHPA “Taking Care of Business” podcast, Jared Brown, senior analyst for Aubuchon Hardware talks about his journey to improve Aubuchon’s inventory management systems and how fellow retailers can navigate current issues with supply chain and inventory management.
Operate a successful and competitive business in the hardware and home improvement (DIY) retail sector.
Real business results:
Dramatically decrease excess inventory by >60%
Increase sales and annual sales projections
Reduce lost sales across departments and product categories
Improve inventory tracking and order management, honing in on what is needed to drive profit and reduce the cash conversion cycle.
4R addresses trending hardware challenges with leading supply chain and inventory planning practices and tools.
Maximize the selling potential of items at every location.
The 4R suite of Intelligent Inventory Optimization solutions helps retailers manage inventory as an investment. We focus on the high-value processes for optimizing supply chain and inventory management, in these core functions: Demand Planning, Replenishment, Assortment, Allocation, Markdown and Vendor Orders. Our profit-optimized solutions take full advantage of advanced analytics, which leverage these improved predictions and promise to deliver a profit optimal improvement across your supply chain and merchandising decisions.
The 4R experts who built the best-in-class AI-powered solutions provide planning as a service (PaaS) to maximize overall business efficiency and ROI.
Demand Planning
Machine Learning-based forecasting solution identifies true demand that generates more accurate forecasts, driving more accurate upstream and downstream processes that maximize profitability and supply chain efficiency.
Replenishment Planning
Enable multi-echelon inventory management that is guaranteed to maximize profit across all channels, reduce inventory carrying costs and deliver superior customer service.
Allocation Planning
Allocates the right amount of inventory to the most profitable locations at the right time to maximize in-season sales, minimize stranded end-of-season inventory and reduce the need for future markdowns.
Assortment Optimization
Optimize product offerings at each store to meet customer preferences and drive revenue growth through data-driven insights, resulting in improved customer satisfaction.
Vendor Order Optimization
Manage vendor orders seamlessly and easily to increase buyer productivity, reduce excess inventory and improve supply chain efficiency for maximum profit.
Supply Chain PaaS (Planning as a Service)
Establish a true supply chain planning capability by leveraging best-in-class AI-powered tools and industry-leading expertise who provide strategic planning and execution services to help you create a profit-optimized supply chain ecosystem.
Additional Resources
The 4R team of supply chain and inventory planning experts understand the hardware, home improvement, DIY retailing industry. Our tools and team help you reclaim time to work with customers to help them choose the right tools and products for their projects.
Case Study: Aubuchon Retools Inventory Strategy that Leads to Profits
Aubuchon Companies is that rare breed of mid-size retailer that is growing and thriving despite massive disruption and rapid consolidation transforming the industry. In a little more than a year, this 105-location hardware store retailer identified and “burned off” $5 million in excess inventory, realized $2 million in “missed” sales, and improved net profits by 50%, all in little more than a year.
Webinar OnDemand: Seasonal Allocation Planning Best Practices
See higher levels of revenue and profit on your seasonal items
The purpose of the webinar “The Importance of Read & React in a Seasonal World” is to share allocation planning best practices. The webinar helps retailers reframe how they position seasonal inventory to maximize revenue, and reduce stranded inventory and the need for markdowns.
Assortment Optimization
Hardware retailers carry a broad product portfolio, featuring a wide range of seasonal, evergreen, fast-moving and slow-moving product categories. The vast assortment of products coupled with the complexity of allocating the optimal assortment for every location makes effective inventory forecasting, planning and supply chain productivity even more challenging. Watch how 4R can help.
See how 4R can helps retailers manage inventory as an investment and optimally match products and product mixes with local demand trends.