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The Latest News and Thoughts from the RSI Team
Even if you struggle to maintain inventory, you still need a target
We have seen the inventory bullwhip significantly recently...and for good reason. 6-12 months ago, when the issue was literally "Get me inventory, ANY inventory!" then supply chain teams were tasked with "By any means possible" in many cases
2021 Reflection / 2022 Projection
Right Sized Inventory (RSI) had its best year yet! The team is extremely proud of our accomplishments. We grew year-over-year revenue at a record pace, experienced minimal account attrition in a challenging market, had zero employee turnover, secured incremental angel investment to accelerate future growth, expanded our strategic channel sales relationships, and added several big logo global accounts to our portfolio.
RSI and Gartner 5 Pilot Models
New, commercially available supply chain planning technology is an ever-expanding market. This includes Right Sized Inventory’s (RSI) predictive analytics model for item-by-item inventory optimization. Is RSI right for you? How do you ‘try before you buy’?
Are you a small company who struggles with overwhelming contractual demands of big businesses? You’re not alone!
With the size and complexity of organizations today, companies are constantly relying on each other to complete their respective projects. Whether you're a small business or a large business, they both need each other equally in order to get the work done. When working with big businesses (aka "the client"), we often find that many times they make unreasonable demands of us when it comes to our contracts and agreements.
Proven Success: How Right Sized Inventory can Save your Business Money
When your company is in the process of evaluating new partners, it's important to ensure they have a track record of success. Therefore, let us provide you just one of many examples of how we deliver value to our clients. Recently, Right Sized Inventory onboarded a new client. Within the first four weeks of rolling out our patented predictive analytics inventory optimization technology into their supply chain we were able to demonstrate $2M in savings. With that kind of ROI, you can be confident you're working with the right partner.
The Importance of Replenishment Lead Time Variation in Inventory Planning
Inventory planning is a vital process for companies that want to minimize risk and maximize profit. It can be difficult, however, to create an accurate inventory plan when there are so many variables in the equation. The complexity of inventory planning increases exponentially when replenishment lead time variation is not taken into account. In this blog post, we'll explore why replenishment lead time variation should be included in all inventory plans.
Should You Hire & Fire Fast? Short Answer: NOPE!
Have any of you ever lived and breathed in a company where the motto was: hire and fire fast? I’m sure you have, and I’m positive you’ve experienced the downsides of the approach. We’ve all heard the common reasons for having to move fast in the hiring process.
Did you hear the joke about the Late Shipment?
Puns aside, Service level in supply chain terms means what percentage you want to deliver on time to the customer. In simpler terms, is the product or service there when a customer needs it. A life saving medicine needs to be available at every time of day. A candy bar might not. Every supply chain manager wants to have a 100% service level, each business needs to make a decision on what is acceptable to the customer, for example, the candy bar might be at 75% and the medical equipment would be at 99%. This means that the material for the medical equipment would be available 99/100 and there would be one day where it isn’t available.
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.