Home Furnishings & Furniture
Respond to demand and trends with agility and profitably
Leverage AI and your existing systems to improve your agility to respond to LOCALIZED demand and manage INVENTORY as an investment
Drive smart localization and profits in the midst of an increasingly disrupted global supply chain and ever-changing economic conditions.
To stay competitive, retailers must meet consumer needs and provide positive buying experiences both online and in stores. Success hinges on their ability to forecast, synchronize and optimize both sides of the retail business model BUY (supply) and SELL (demand). Successful retailers fulfill consumer needs by strategically placing inventory throughout the supply chain. Here are some impressive results from our clients:
Reduce inventory carrying costs by 5-10%
Increase sales and annual sales projections
Reduce lost sales across departments and product categories
Strategically place inventory throughout the supply chain to meet consumer demand and expectations
4R addresses trending home furnishings and furniture retail challenges with leading supply chain and inventory planning practices and tools. Our Intelligent Inventory Optimization solutions and Planning as a Service offering address complex challenges across the product lifecycle, through customer delivery– product introductions, product “collections”, mix and match, seasonal allocation, slow movers, price changes, markdown promotions, vendor orders and supplier restrictions.
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.
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.
Enable multi-echelon inventory management that is guaranteed to maximize profit across all channels, reduce inventory carrying costs and deliver superior customer service.
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.
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.
Client Showcase: Sur La Table
Prior to implementing the 4R AI-powered inventory management solution, Sur La Table had been relying on a legacy system that required frequent intervention and decision-making to stay on track and keep up with demand. Learn how they realized positive business results and ROI.
Home furnishing and furniture retailers carry a broad product portfolio, featuring a wide range of products that are sold individually or as a collection. Some products are seasonal, evergreen, and potentially slow-moving. 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.
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.
Learn how 4R can helps retailers manage inventory as an investment and optimally match products and product mixes with local demand trends.