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4R Systems Presents at 2006 Retail Pricing Summit
Solution provider emphasizes importance of synchronizing inventory with demand
to get the most out of pricing decisions
CHICAGO, IL—October 12, 2006—Jiri Nechleba, President and CEO of 4R Systems, Inc., leaders in profit optimized inventory solutions that help retailers drive superior customer service, presented at the 2006 Eye4Retail Retail Pricing Summit held October 11th – 12th in Chicago. Nechleba kicked off the afternoon sessions on Wednesday with his session titled "In-Season Inventory Optimization: Allocating and Pricing for Profit."
Hundreds of retail executives and industry leaders who are charged with developing and implementing retail pricing strategies attended the conference to hone their skills in educational sessions and roundtable discussions, explore the latest tools and solutions in pricing, and connect with potential partners, clients and vendors.
During his session, Nechleba provided attendees with insight into how inventory effects influence pricing models. He also discussed what the cost trade-offs are between pricing to drive revenue, revenue dilution from discounts and inventory costs that are incurred. Finally, he presented real-world examples of major retailers who are successfully profit-optimizing in-store inventory for items on promotion.
"Pricing is a key business driver for retailers with an immense impact on a retailer's revenues and profits," said Jiri Nechleba. "We've been working with leading retailers to link supply chain information and models with their pricing models to extract the best execution and most profit from their pricing decisions."
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.