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.
Supply chain data is a particularly valuable resource for businesses that are looking to improve results. For example, enterprises that make, move, store, or sell physical goods generate loads of important inventory data. Generating and collecting data is a great start. However, the real value comes from analyzing the data to make better business decisions.
At Right Sized Inventory, our team of supply chain professionals provide expert predictive analytics support to accompany our patented inventory optimization technology. Inventory Optimization as a Service is our method for ensuring RSI clients achieve the best possible value from our unique predictive analytics system.
Our team engages in everything from helping clients establish their initial data connections to providing regular analysis support for business processes to creating complex scenarios that help answer critical business questions.
Uncertainty is a constant condition in the real-world. Scenario planning is a method of preparing for uncertainty by modeling multiple sets of assumptions and parameters. RSI’s patented technology is ideally suited for scenario planning because our simulation-based methodology directly accounts for variability and produces outcomes that are probabilistic in nature.
When our technology is combined with our Inventory Optimization as a Service team of experts, RSI scenario planning becomes a powerful tool in overcoming business uncertainty. Many clients rely on RSI for scenario planning, including the following examples:
A medical device distributor relied on RSI to help them optimize the footprint of their distribution centers. Our team was able to help them re-configure inventory policies across their DC network without sacrificing service level performance. In addition, the RSI team helped this client determine optimal inventory levels using an “ABC” characterisation analysis. The outcome was that the client achieved both service level improvements and inventory cost reductions.
In another case, the RSI team helped a large manufacturing company to reduce inventory costs for crucial MRO parts without sacrificing production efficiency. RSI was able to demonstrate that inventory targets could be combined across new and repaired versions of these parts which lowered overall inventory costs without impacting factory availability.
Finally, our team used RSI technology to analyze multiple alternate demand trends for a client who was concerned that the COVID-19 pandemic had skewed customer demand patterns. By analyzing multiple demand horizons and alternate trends, our team was able to help the client establish more realistic inventory policies and avoid unnecessary inventory costs.
Advanced analytics is the best way to transform data into useful information that provides business insights. At RSI, we can help unlock the value of this transformation through the winning combination of our technology and Inventory Optimization as a Service team.
To take the first step, visit our website where you can get more information or connect directly with our team of supply chain experts at info@rightsizedinventory.com or by using the form below.
We look forward to helping you solve your inventory challenges today!
