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The National Retail Federation, Crate and Barrel and
4R Systems
Present Merchandising Strategies Session: Managing In-Store
Inventory Levels with Analytics at NRF’s Big Show 2006
Ed Rennemann, CIO/VP of MIS, Crate
and Barrel and Jiri Nechleba, CEO of
4R Systems, to discuss profit-optimizing inventory to better fulfill customer
demand
WAYNE, PA—January 9, 2006—The National Retail Federation (NRF), the world’s leading retail trade association; Crate and Barrel, one of the most influential and respected housewares and furniture retailers in the United States; and 4R Systems, Inc., leaders in profit optimized inventory solutions that help retailers drive superior customer service, today announced the Tuesday Session: "Managing In-Store Inventory Levels with Analytics" at NRF’s Big Show. The Session takes place on Tuesday, January 17, 2006 from 3:30 pm to 4:30 pm ET, Room E01/02 at the Jacob Javits Center in New York City and will feature Crate and Barrel CIO Ed Rennemann and 4R Systems CEO Jiri Nechleba.
During this presentation, Mr. Nechleba will discuss a framework that retailers can use to profit optimize store inventory and increase customer service through analytics. Mr. Rennemann will further describe how Crate and Barrel is using this framework and adopting profit metrics to measure and manage their entire supply chain and the benefits of doing so. Attendees will discover how using technology results in more profitable merchandising decisions and superior customer service.
"The changing state of managing inventory within the retail industry demands that the bar be raised on merchandising performance, and the best are rising to the challenge," stated Paula Rosenblum, Director of Retail Research for Aberdeen Group on the move toward profit optimized inventory solutions. "There is little doubt that, given the pressures retailers face and the strategies they contemplate, the need has been recognized to move past spreadsheets as the tools of choice for advanced planning and replenishment operations," Paula added. "This is their best hope for reclaiming sales lost due to the intractable problem of out-of-stocks."
If you are interested in attending or would like more information, please visit: www.4rsystems.com or contact Heather Zoumas-Lubeski at hzoumas@4rsystems.com. 4R also invites you to visit us at Booth #537.
About Crate and Barrel
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 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 www.crateandbarrel.com.
About 4R Systems, Inc.
4R Systems provides retailers breakthrough technologies that profit optimize inventory decisions throughout an item's life including the initial buy, replenishment and allocation for stores and DCs, and end-of-life strategies including markdowns. 4R's solutions help manage inventories to levels that lower out-of-stocks and increase service levels without injecting unproductive inventory. As a result, 4R Systems’ clients, such as Crate & Barrel and Linens ‘n Things, have seen improvements in sales, service levels, inventory levels and profitability. For more information on how 4R Systems can work with your team to tailor a profit optimized inventory solution for you, visit www.4rsystems.com or call 1-866-4RSYSTEMS.