Crate and Barrel selects 4R's IPMax Service for profit optimization
26 May '05
4 min read
leading home furnishings retailer crate and barrel adopts 4r's ipmax service that profit optimizes store inventory and will be rolling out other components throughout 2005
4r systems inc, a leading provider of software tools, analytical models and information services that help retailers and manufacturers significantly increase profits by optimizing their inventory and related supply chain decisions, announced today that crate and barrel, one of the most influential and respected housewares and furniture retailers in the united states, is implemented on 4r's ipmax inventory replenishment service to profit optimize their housewares stores' inventory replenishment.
"at crate and barrel, our systems and technology have focused on providing our people with information that enhances their ability to effectively manage the business," said ed rennemann, crate and barrel's cio and vp of mis. "with 4r, we are partnering with a company that is consistent with our values and has the people, models and technology that allow us to deliver information that shows our people the impact on profitability of the myriad of decisions that we make every day. whether it is how much store inventory to stock, when and how much to order from a vendor, or deciding when and how much to markdown, 4r is helping us make decisions to drive our profitability while also providing the customer with the best level of service."
"we found crate and barrel to be one of the most efficient retailers we've worked with to date. nonetheless, in our benchmark of their entire supply chain, we identified substantial opportunities to improve profitability by optimizing many decisions in the supply chain," said jiri nechleba, 4r's president and ceo. "we're very excited to partner with a retailer like crate and barrel to help them drive better service, lower lost sales and increase profits."
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