IPMax RB (Right Buy) helps retailers balance the risk of buying too much against the risk of buying too little.
It combines forecast parameters (demand forecast and variability) with economics (how much does the item cost, what is the mark-up, how elastic is the item to price changes) with a sophisticated economic optimization model to identify then analyze the expected profitability of different buys and also identify the most profitable buy.
- We create 8 billion reorder points annually and 155 million weekly for our retail clients worldwide.
About the Company
4R Systems provides retailers breakthrough technologies that profit optimize inventory decisions throughout an item's life including: Initial buy Replenishment and allocation for stores and distribution centers End-of-life strategies including markdowns By profit optimizing decisions, such as how much and when to buy, how much inventory to put in each store or DC for replenishment items, when and how much to allocate for seasonal and fashion items, and how much and when to markdown at end-of-season, 4R clients have increased profits by 100s of basis points. In fact, for a $1 billion retailer the profit improvements could be in the $10's of millions. Founded by supply chain experts Dr. Marshall Fisher of The Wharton School and Dr. Ananth Raman of Harvard Business School - whose groundbreaking research on product lifecycles with over 30 world-class retailers pioneered retail supply chain analytics - 4R provides retailers with services designed to maximize their profitability by the application of sophisticated retail and supply chain analytic.
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