4R Systems and Impact Analytics & Services Forms Alliance for Optimizing Supply Chain Services
BERWYN, PA: 4R Systems, a provider of advanced inventory and supply chain services, and Impact Analytics & Services, a solutions and services provider to C-Store retailers, enter a strategic partnership for boosting their business processes.
The alliance aims to deliver powerful supply chain analytics to C-Store retailers, and to increase profit from inventory across all items in all stores. Huge capital investment is tied up in inventory management which is labor intensive too. With this partnership, the companies aim to 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 says, "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. We've partnered with Impact Analytics & Services because of their depth of experience in inventory analytics within the C-Store space."
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.
"Our alliance with 4R Systems opens a great door of opportunity for C-Stores," says 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.