|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.
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 30, 2016 02:30 PM EDT Reads: 939
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. 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.
Aug. 30, 2016 02:30 PM EDT Reads: 1,016
SYS-CON Events announced today that Adobe has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of co...
Aug. 30, 2016 02:00 PM EDT Reads: 3,735
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Aug. 30, 2016 01:45 PM EDT Reads: 621
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 30, 2016 01:30 PM EDT Reads: 856
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Aug. 30, 2016 01:20 PM EDT Reads: 174
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 30, 2016 01:15 PM EDT Reads: 2,057
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 30, 2016 01:00 PM EDT Reads: 3,223
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 30, 2016 11:45 AM EDT Reads: 790
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Aug. 30, 2016 10:30 AM EDT Reads: 400
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aug. 30, 2016 09:45 AM EDT Reads: 1,070
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 30, 2016 09:45 AM EDT Reads: 884
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Aug. 30, 2016 09:08 AM EDT Reads: 276
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
Aug. 30, 2016 08:45 AM EDT Reads: 916
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Aug. 30, 2016 05:45 AM EDT Reads: 2,483