BERWYN, Pa., Jan. 18, 2016 /PRNewswire/ -- 4R Systems, Inc., a leading provider of advanced inventory and supply chain services that uses science and technology to help retail chains maximize profit from their omnichannel inventory investment, announced Seasonal Allocation 2.0 Solution is now in general availability.
Seasonal Allocation offers retailers a cloud-based suite of tools to manage the allocation of short seasonal products through their entire lifecycle, from initial pre-season allocation through to post-season analysis. Seasonal Allocation clients can define and configure seasons, customize the demand profile for each SKU, manage initial and weekly store allocations, and review season performance during and after the season, all via a web-based graphical user interface. The Seasonal Allocation forecasting engine blends multiple components in different weights during the season to maximize accuracy. It then applies a proprietary optimization algorithm to produce allocations that balance the risk of stock outs against the cost of stranded inventory at each week of the season.
Kevin Stadler, 4R's President & CEO, said, "Our Seasonal Allocation 2.0 Solution for retailers brings a new level of simplicity and accuracy in the supply chain. Retailers using our Seasonal Allocation Solution will see higher levels of both revenue and profit in their fashion and short seasonal products."
4R offered Seasonal Allocation to a limited group of retail clients in 2015. After verified profit improvements in each case, the company is offering the solution to any retailer challenged to maximize profit opportunity from seasonal and fashion inventory.
Seasonal Allocation Solution 2.0 delivers four key advantages over traditional retail allocation solutions:
- The web interface provides tools to assign seasonality profiles at any level of the SKU hierarchy, using historical profiles or creating new ones, to best model expected demand.
- The forecasting engine blends multiple components in different weights during the season to maximize accuracy.
- The store allocations are calculated to maximize the profit of each item, including support for case packs and prepacks.
- The solution is cloud based, minimizing the initial investment and providing a return-on-investment in months, not years.
Retailers can learn more about 4R's Seasonal Allocation at the NRF's Big Show, January 17-19, 2016, at booth 3481. Qualified retailers can obtain a free NRF Expo pass by visiting http://4rsystems.com/nrf/, courtesy of 4R Systems.
Stadler added, "No other solution on the market today can match the ROI of our seasonal allocation solution."
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 sales levels on lowered inventory. Call +1 (610) 644-1234 or visit www.4rsystems.com.
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SOURCE 4R Systems, Inc.