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Koopman Lumber Company has partnered with 4R Systems to help increase its LBM and hardware presence across its network and improve its overall revenue stream and profitability, says Dirk Koopman, CEO of Koopman Lumber.
The Intelligent Inventory Optimization solution from 4R will be implemented across Koopman’s 13 locations, including 10 lumber and building materials stores, two distribution centers and a standalone paint center. 4R will also help ensure Koopman makes the best use of inventory in all product categories to optimize its stores’ profitability.
“We are excited to partner with 4R. If the services they offer yield even half the results they forecast, we will quickly see improvements,” Koopman says. “This represents an opportunity for us to leverage cutting-edge technologies. We sought the expertise of 4R to help us anticipate product needs and inventory allocations across our growing network and to help us avoid excess while keeping our lumberyards and store shelves stocked and ready to support our customers.”
4R will provide Koopman with its One Predictive Engine (OPE), which leverages machine learning and AI and integrates with core operating systems to become a single source for demand forecasting and assortment planning. These forecasts drive inventory planning processes to create supply chain efficiencies and improve product availability.
In addition, the 4R Planning-as-a-Service (PaaS) offering will provide Koopman with expert planners and analysts working directly with Koopman staff to provide supply chain and inventory analytics to support better merchandising and purchasing decision-making. The team will also ensure Koopman best utilizes OPE to drive key processes, like product assortment planning, store allocation planning and replenishment planning.
“We’re excited to partner with Koopman Lumber to leverage our knowledge of the hardware segment and to help them expand their hardware presence and customer experience,” says Mark Garland, CEO of 4R. “Working together, and leveraging our PaaS offering and talents, we know that we can provide the supply chain and inventory analytics that will help Koopman deliver on its mission of being the go-to resource for the materials and tools their customers need, when they need them.”
