|By PR Newswire||
|September 5, 2014 07:30 AM EDT||
BERWYN, Pa., Sept. 5, 2014 /PRNewswire/ -- 4R Systems, Inc, a leading provider of advanced inventory and supply chain services, and Impact Analytics & Services, a solutions and services provider to C-Store retailers, announced their strategic partnership.
The alliance was created to deliver more powerful supply chain analytics to C-Store retailers, and beyond analytics, to increase profit from inventory across all items in all stores. Inventory is the largest investment inside the store. Capital is tied up in that inventory and managing inventory is labor-intensive, leaving significant profits untapped. Together, the companies bring Profit Optimized Inventory re-order points and analytics to address the challenges C-Store retailers face as they stock thousands of products at any given time in each store, many with expiration dates.
Mark Garland, Vice President Sales & Client Development for 4R Systems said, "4R's expertise lies in determining the reorder point for each SKU, so the right product is in the right place at the right time. That's what drives the right profit. We've partnered with Impact Analytics & Services because of their depth of experience in inventory analytics within the C-Store space. They are a trusted organization with a strong track record of improving store performance. We're very pleased to work with their team."
Both 4R and Impact Analytics & Services will collaborate to serve clients and provide services that include the following:
- Initial Benefits Analysis – Using retailer's own data to show the potential profit improvement based on scientifically calculated reorder points for every SKU at every store.
- Productivity Analysis / Benchmark – Pilot stores using new reorder points are compared to control stores in order to benchmark profitability trends.
- Right sizing the inventory across the network – Providing retailers with reorder points for every SKU at every store, associated analytics and data visualization reports for transparency and accountability.
- Experienced inventory Analysts – Training for store employees on the ordering process and removing excess inventory.
- Weekly review of key metrics and performance – Continually monitoring the retailer's performance for all stores across the chain to ensure execution.
- Providing recommendations to reach profit goals based on analytics and best practices from top retailers.
"Our alliance with 4R Systems opens a great door of opportunity for C-Stores," said Lesley Saitta, Managing Partner of Impact Analytics & Services. "We entered this relationship carefully to ensure our solutions and services complement existing corporate and store-level inventory replenishment/ordering systems and truly impacts store profitability. What we're offering is increased profits by bringing together data and analytics to drive performance. I'm confident our combined expertise, technology, and first class service will accomplish that. This new offering with 4R Systems complements Impact Analytics & Services' existing inventory analytics, which has been deployed at channel-leading retailers."
4R and Impact Analytics & Services will be exhibiting together at the upcoming NACS Show (National Association of Convenience Stores), October 7-10, 2014 at the Las Vegas Convention Center. The NACS Show serves as the formal launch of the alliance and introduces the combined offering to C-Stores. Retailers can visit the 4R and Impact Analytics & Services team at booth 5207.
Rob Jones, Divisional Vice President of Inventory Management at Family Dollar and 4R Systems client, will be co-presenting with 4R President & CEO Kevin Stadler at the NACS Show. They will demonstrate how 4R Systems helped Family Dollar improve profit and productivity. Lesley Saitta will be moderating the session.
For more information regarding the strategic alliance, the NACS show, or to meet the team, please visit http://4rsystems.com/nacs/ or call +1 (610) 644-1234.
About Impact Analytics & Services
Impact Analytics & Services, headquartered in Lexington KY is a company established by the managing partners of Impact 21 Group to bring forward data visualization, insights and analytical competencies to organizations to improve profitability. With a primary focus to support and position companies to analyze current performance, Impact Analytics & Services supports the areas of inventory management, category management, customer management and loyalty. With this analysis in hand, Impact's team of business experts provide insights and training as they prepare organizations to build operational and analytical competencies internally. Clients using Impact's solutions and services have seen increases in sales and margins, right sizing of inventory through decreased days on hand and lower excess and enhanced knowledge of their customers to provide targeted, relevant promotions. Call (859) 317-2159 or visit www.impact21group.com/solutions.
About 4R Systems
4R Systems is a leading provider of advanced inventory and supply chain services, which help retailers gain significantly increased profits by optimizing their omnichannel inventory and related supply chain decisions. Founded by supply chain experts from The Wharton School and Harvard Business School, 4R provides capabilities that profit optimize the matching of supply and demand. From initial launch through replenishment to end-of-life for products—ranging from short-lived fashion items to long term staples—4R provides retailers with services that fit their business. Clients using 4R have seen increases in profitability of 1-2% of sales as a result of higher omnichannel sales levels on lowered inventory. Call (610) 644-1234 or visit www.4rsystems.com.
4R Systems Press Contact
Phone: +1 (330) 333-2738
Fax: +1 (866) 748-4042
SOURCE 4R Systems, Inc.
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Apr. 30, 2016 07:30 AM EDT Reads: 499
Apr. 30, 2016 06:00 AM EDT Reads: 2,442
Apr. 30, 2016 04:00 AM EDT Reads: 1,712
Apr. 29, 2016 09:15 PM EDT Reads: 335
Apr. 29, 2016 09:00 PM EDT Reads: 1,549
Apr. 29, 2016 08:30 PM EDT Reads: 1,752
Apr. 29, 2016 07:30 PM EDT Reads: 2,411
Apr. 29, 2016 05:15 PM EDT Reads: 1,702
Apr. 29, 2016 04:30 PM EDT Reads: 649
Apr. 29, 2016 04:30 PM EDT Reads: 1,788
Apr. 29, 2016 03:45 PM EDT Reads: 1,636
Apr. 29, 2016 03:30 PM EDT Reads: 1,674
Apr. 29, 2016 03:15 PM EDT Reads: 1,557
Apr. 29, 2016 03:00 PM EDT Reads: 873