Welcome!

News Feed Item

4R Systems and Impact Analytics & Services Form Strategic Alliance to Deliver Profit-Optimizing Supply Chain Services to Convenience Store Chains; Presenting at 2014 NACS Show

4R's science and technology drives inventory profitability; Impact Analytics & Services delivers solutions and services that impact performance in the C-Store space.

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.

4R Systems: Profit Optimizing Retail

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
John Centofanti
Phone: +1 (330) 333-2738
[email protected]
Fax: +1 (866) 748-4042

SOURCE 4R Systems, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Judith Hurwitz is president and CEO of Hurwitz & Associates, a Needham, Mass., research and consulting firm focused on emerging technology, including big data, cognitive computing and governance. She is co-author of the book Cognitive Computing and Big Data Analytics, published in 2015. Her Cloud Expo session, "What Is the Business Imperative for Cognitive Computing?" is scheduled for Wednesday, June 8, at 8:40 a.m. In it, she puts cognitive computing into perspective with its value to the busin...
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...