4R Systems, Inc., a leading provider of advanced inventory and supply chain solutions which help retailers increase profits by optimizing their inventory and related supply chain decisions, announced today that Family Dollar Stores (NYSE:FDO), a leading national retailer, is fully implemented on 4R's IPMax optimized store inventory solution.
4R's unique profit optimized inventory solutions are delivered to clients in a Software-as-a-Service (SaaS) model. This model is augmented by 4R business consultants who work closely with clients to tailor the output to a client's unique business needs and constraints. 4R's solutions help retailers drive profit improvements when optimizing key decisions such as store and DC inventories for replenishment items, allocation of seasonal and fashion items, vendor ordering and markdown.
"Being a compelling place to shop means having the right mix of product in the stores at the right time for our customers," said Bryan Causey, Senior Vice President – Planning, Allocation and Replenishment at Family Dollar Stores. "4R's profit optimized store inventory service has improved our ability to maintain inventory levels that satisfy customer needs better and are more profitable for Family Dollar."
"We're very proud of gaining Family Dollar as a client," said Jiri Nechleba, President & CEO of 4R Systems. "The scale of their business challenged us to prove to them that we could support an organization with the breadth of stores and merchandise. To address that challenge, we ran our evaluate, prove and implement process across the entire chain and have met every deadline, and more importantly, have accurately projected the improvement to inventory efficiency and delivered on those projections."
About Family Dollar
Beginning with one store in Charlotte, North Carolina, in 1959, the Company currently operates more than 6,600 stores in 44 states. Family Dollar Stores, Inc., a Fortune 500 company, is based in Matthews, North Carolina, just outside of Charlotte and is a publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com.
About 4R Systems, Inc.
4R Systems, Inc. is a leading provider of advanced inventory and supply chain solutions which help retailers significantly increase profits by optimizing their inventory and related supply chain decisions. Founded by supply chain experts from The Wharton School and Harvard Business School, 4R provides capabilities that profit optimize the matching of supply with demand. From initial launch, through replenishment and to end-of-life and for products ranging from short-lived fashion items to long-term staples, 4R provides retailers with solutions that fit their business. Clients using 4R solutions have seen increases in profitability of 1-2% of sales as a result of higher sales levels on lowered inventory. For more information, visit www.4rsystems.com, or call 1-610-644-1234, or stop by our Booth #1745 at the National Retail Federation Conference, January 10-13, 2010, in New York City.
Contacts:
4R Systems, Inc.
Ellen Guinan, 610-644-1234 x211
eguinan@4rsystems.com
