10 Reasons We Hesitate About Supply-Chain Predictive Analytics
10 Reasons We Hesitate About Supply-Chain Predictive Analytics
Right Sized Inventory has a commercially-available SaaS inventory-analysis solution. RSI correctly and comprehensively addresses all real-world factors affecting optimal inventory levels.
1. Newer technology – no desire to be first to employ this technology in the risky world of inventory position
RSI’s SOLUTION: You’re not the first. Although my RSI analysis is a relative newcomer, we have a growing list of satisfied clients, and great testimonials
2. Don’t know enough about it – might a trial help?
RSI’s SOLUTION: We have a trial. You get full access to all RSI functionality and real-person phone / on-line help. We also pride ourselves in being available to our clients, not just a provider of a service.
3. The data-gathering effort is beyond your staffing level/current workload capacity
RSI’s SOLUTION: Predictive analytics is data-driven, requiring an investment of time. Gather enough for an RSI trial, and you’ll see that RSI’s value proposition offers a most-compelling reason to invest in data gathering
4. Data cleansing – insufficient time/staff to modify, verify, validate your data “issues”
RSI’s SOLUTION: Built-in data screening. RSI also compares its results to your current inventory position as a touchstone
5. Interpreting predictive-analytics results – No time to convert them into sound business decisions, practices, changes, policies
RSI’s SOLUTION: On-line filtering and sorting. Also, you may download RSI’s wide range of analytical results for further parsing and analysis. And RSI offers shared-service analytical resources, to do much of the preparatory analysis for you
6. Shift from reactive to predictive management. But your team thrives on quick, adrenalin-driven, shoot-from-the-hip, intuitive reactions!
RSI’s SOLUTION: As career supply-chain analysts and consultants, we’re more engaged in analysis, using thorough and reliable input, than in last-minute, hold-our-breath intuitive decisions. And we enjoy the confidence of knowing our decisions are supported by reliable data and proven modeling
7. Job threat/trivializes experience and drive – might predictive analytics imply that your team's track record of quick, correct intuitive decisions is now meaningless; that they now simply carry out decisions made by probabilities or charts; that they should have developed these analytical solutions themselves?
RSI’s SOLUTION: SCM is an art, and always will be. RSI grinds out “the math,” but supply-chain professionals still bear the weighty responsibility of making sound, beneficial decisions
8. Re-train/re-structure your SC organization or position – is analytical software supposed to be better than your team’s custom spreadsheets?
RSI’s SOLUTION: Spreadsheets are a love/hate scenario. RSI is the culmination of over 30 years of spreadsheet refinement. RSI does, in about 2 seconds, what would literally take a spreadsheet 4,500 times longer – on those rare occasions it didn’t blow up. As supply-chain professionals, you’ll always need ad hoc analyses. But who wants them as foundational software?!
9. No company-wide support. You may say, “Sales will never go along with it anyway – selling in an unconstrained way; then blaming SC for lackluster service levels and inventory velocity.”
RSI’s SOLUTION: A correct, comprehensive, fact-based simulation offers maximum credibility. S&OP is a sometimes-adversarial combined effort to bring vision down to reality, while driving reality toward vision. RSI supports your supply-chain position with the best data, facts and analysis available
10. Your company must first resolve more fundamental problems – inventory inaccuracy,incorrect BOMs, wildly-off-target forecasts for individual inventory items, etc.
RSI’s SOLUTION: Well, that’s why this concern is last on our list. It simply may not yet be time for your business to step beyond the basics
We encourage you to try RSI. We provide an excellent do-it-yourself guide, so you may register, gather and upload the required data and process it in a matter of hours. We’d very much enjoy talking with you.
To learn more about Right Sized Inventory’s patented Predictive Analytics Inventory Optimization Software Technology, check out:
WHY RSI | HOW RSI WORKS | WHAT IF SCENARIOS | RSI’S ENGINE | Contact Us Anytime!
Enhance your inventory-planning system and realize better business outcomes by deploying the most advanced and comprehensive predictive-analytics inventory-optimization tool on the market.
Our Approach
RSI provides patented, affordable, cloud-based predictive-analytics optimization software that simulates real- world client environments, predicts optimum inventory levels at the item-by-item level, and enables our clients to realize better business outcomes by eliminating inventory imbalances and quantifying risk.
Better Science | Better Value
