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The Latest News and Thoughts from the RSI Team
Value Beyond Inventory Cost Savings
How RSI is Helping a Highly Successful Manufacturer of Engineered Surfaces Realize Value Beyond Inventory Cost Reduction.
Inventory-Optimization-as-a-Service
We live in a data-centric world. Every day, businesses generate financial, operational, customer, and supply chain data. However, that data only creates value if it is analyzed. Data that does not enable insight remains an untapped source for improving business performance.
(video) Let Us Explain How We Solve the Inventory Management Dilemma
Imagine you run a business and your inventory is the lifeline of your operations. It includes raw materials, finished goods, and everything in between. However, if the inventory isn't managed properly, it becomes a liability to the business. All enterprises that make, move, store, or sell physical goods face this inventory management dilemma.
To Fill, or Not to Fill (pallets). That is the Question.
Balancing operational and inventory efficiencies is a critical challenge faced by businesses across various industries. While operational efficiency focuses on optimizing processes and resources to maximize productivity and reduce costs, inventory efficiency aims to ensure that the right amount of inventory is available to meet customer demand while minimizing carrying costs and obsolescence.
Optimizing More than Inventory
How RSI is Helping a Highly Successful Healthcare Distributor Optimize Service, Inventory, and their Distribution Footprint
RSI exhibit at Supply Chain and Logistics Innovation Showcase in Atlanta, Georgia 4/18/2023
Right Sized Inventory (RSI) is excited to be a participating member in the Supply Chain and Logistics Innovation (SCALI) Showcase. Not familiar with the SCALI Showcase? Once open, it will be the world’s largest living lab dedicated to demonstrating the supply chain of the future.
How Right Sized Inventory’s Predictive Analytics Enhances MEIO
Key Take Aways:
Multi-echelon inventory optimization (MEIO) software solutions are used for complex supply-chain network design.
MEIO solutions typically seek to minimize inventory-related costs/investment and maximize gross profit. MEIO output also includes optimized economic order quantities (EOQs) and recommended target service levels.
While MEIO solutions also provide first-pass replenishment method inventory policy values, they do not incorporate the probabilistic confidence of achieving the target service level for a given timeframe.
Right Sized Inventory’s patented predictive analytics solution finishes the process by delivering a correct, probabilistic supply-chain simulation model for any stocked item in any location; thus, enhancing the MEIO’s first-pass inventory policy value(s).
MEIO is valuable for designing complex supply-chain networks. Right Sized Inventory predictive analytics doesn’t compete with nor replace MEIO because it is laser-focused on optimizing each item-location’s one or two replenishment inventory-policy parameters.
RSI Team Volunteers on Martin Luther King Day 2023
This year for MLK Day, the RSI Team gave back to our communities by volunteering. The idea came from https://therefugeinc.com/ - who is no stranger to volunteering and being incredibly active in his community. We decided to share some insight into the different volunteer work that was done. Partly because we’re proud of our team, but also in an effort to inspire other teams to create similar initiatives on important days like MLK Day.
Schedule a Call
Find out if Right Sized Inventory is right for your business and inventory needs. Set up a call with one of our team and we’ll walk you through a demo, identify trouble spots in your business, and see how implementing RSI can transform your business through data-driven inventory optimization.