Crate and Barrel selects 4R's IPMax Service for profit optimization
26 May '05
4 min read
each week, 4r receives up-to-the-moment sales and inventory data from crate and barrel. 4r in turn applies their proprietary algorithms and technologies to that data, generating suggested inventory levels that are then merged into existing crate and barrel systems and provided to store staff. in direct terms, the solution generates payback in less than one year. in indirect terms, service levels have risen and store staff has reported reductions in time to order.
"we have a great relationship with 4r and will be expanding the use of 4r's profit-optimized solutions," commented rennemann. "beyond store replenishment, we will be rolling out other components such as markdown optimization, vendor replenishment and dc inventory optimization."
ipmax is 4r systems' retail inventory productivity maximization service.customers send pos data, supply chain parameters and financial information to 4r on a weekly basis and in return receive profit-optimizing reorder points and/or order quantities for replenishment products at their retail locations.
crate and barrel was founded in 1962 and now operates 127 stores nationwide. the company is well known for its design of products, merchandising of stores and the spirit of its associates. by initiating trends in product design and presentation, carefully planned expansion, customer loyalty and smart team building, crate and barrel has grown to its status as one of the most influential and respected housewand barrel was founded in 1962 and now operates 127 stores nationwide. the company is well known for its design of products, merchandising of stores and the spirit of its associates. by initiating trends in product design and presentation, carefully planned expansion, customer loyalty and smart team building, crate and barrel has grown to its status as one of the most influential and respected housewares and furniture retailers in the united states. crate and barrel also offers a national bridal registry, a successful catalogue and an exciting presence on the internet at http://www.crateandbarrel.com.
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