Convenience Store Client Maximizes Profit and Improves Customer Service
Challenge: Despite significant growth, a major convenience store (c-store) chain had inventory management challenges.
Solution: C-stores have retail challenges such as limited shelf space and SKU velocity variation. This is particularly difficult for short-lifecycle items such as candy and tobacco. 4R's Intelligent Inventory Optimization solutions enabled the client to scale while targeting the most profitable approach for inventory management. 4R’s convenience retail inventory solutions take advantage of advanced analytics, leveraging improved predictions and delivering an optimal profit improvement across the c-store's supply chain.
Results: 4R’s logic forecasted each SKU in store so the client could stop recalibrating store tiers by sales velocity. 4R’s recommendations considered shelf factors of items so manual manipulations due to space constraints ended, thereby reducing waste. The client was offered options to increase the aggressiveness of orders taking advantage of rebate timing. 4R’s Planning Team allowed our client to focus on other initiatives.
About the Solution Provider: 4R offers Intelligent Inventory Optimization Platform and Planning Services. Our prescriptive analytics solutions leverage AI strategies that help businesses optimize supply chain and merchandising decisions. Our team of expert planners brings supply chain-planning leading practices to optimize your inventory investment.
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Phone: 610-644-1234