The 4R Systems Demand Planning solution helps retailers better understand true demand by revealing the optimal answers to inventory challenges. The flexible forecasting solution can be integrated into a number of other applications, including merchandise and supply chain systems. Additionally, Demand Planning can encompass all a retailer’s demand locations, including in-store and online.
Using a Demand Planning solution to understand actual demand can help retailers buy the right quantities to support the lifecycle of a given item before and during the season, and can also help retailers know:
- What inventory to carry;
- What the optimal pricing should be for any given SKU; and
- How to manage store resources effectively.
By using a stand-alone solution that integrates with existing technologies, retailers can quickly see results across their entire supply chain. Very early results typically occur upstream in the supply chain (i.e. the DC or supplier) as the demand is aggregated or normalized at a higher level.