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
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
"We do one of the best file systems in the world. We learned how to deal with Big Data many years ago and we implemented this knowledge into our software," explained Jakub Ratajczak, Business Development Manager at MooseFS, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addresse...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Machine learning provides predictive models which a business can apply in countless ways to better understand its customers and operations. Since machine learning was first developed with flat, tabular data in mind, it is still not widely understood: when does it make sense to use graph databases and machine learning in combination? This talk tackles the question from two ends: classifying predictive analytics methods and assessing graph database attributes. It also examines the ongoing lifecycl...
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.