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The Latest News and Thoughts from the RSI Team
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.
Risk Mitigation with a Dual-Source Supply Base Data Modeling
Many new trends in sourcing include the new term Sure-Shoring. This means a supply chain may have multiple sources close to home and across the world. With all supply chains, there is potential for geo-political instability, natural disasters, or even a giant container ship blocking the Suez Canal to affect the day to day.
Supply Chain Seasonality - Where Did All of the Sun Screen Go?!
Put simply, supply chain seasonality is the change in demand for products by season. Right now, products related to summer weather are popular! Also, we’re probably not going to buy any coats, sweaters, or snow boots anytime soon unless we want them to gather dust for the next few months.
Reorder Points, Minimum Order Quantities, and Toilet Paper?
One of the challenges in supply chain is often-times we use the same terms to describe different things. “Safety Stock” to one person or company might be a “Reorder Point” to another. Other people might describe a “Minimum Quantity” when what they are really describing is a “Safety Stock”. That is why it’s critically important at Right Sized Inventory (RSI), when we first meet with clients, to clearly define terms and vocabulary.
RSI Announces Newest Team Member Ryker Frandsen, Operations Manager
Ryker Frandsen is our new Operations Manager. He has worked in the biotech, automotive, and building product industries. He has significant experience in buying, planning, master scheduling, and inventory management. Notably, he planned the chemistry for COVID-19 PCR testing on automated workstations when the COVID-19 Pandemic started while at Beckman Coulter. He won the 2020 Sales Choice Award from the sales team based on his communication and delivery performance of this crucial product. He also spent significant time as the inventory management team lead as well as planning hardware and service product lines for the Centrifugation and Particle Characterization products.
Signs Predictive Analytics Aren’t Used to Determine Buffer Inventory
Forgive us for asking this set-up question with an obvious answer – Does your current buffer-inventory calculation include all these factors? No, of course it doesn’t.
We assure you, we appreciate and never underestimate the value of experience and intuition in a supply-chain professional. We have accumulated quite a bit over the decades, and it continues to serve us well. Why are we telling you this?
10 Reasons We Hesitate About Supply-Chain Predictive Analytics
10 Hesitations About Putting Buffer-Inventory Predictive Analytics to Work using supply-chain predictive analytics software.
5 Reasons Businesses Should Use Simulations Instead of Formulas or Algorithms to Determine Optimal Inventory Levels
A startup learning to effectively manage day-to-day demand. A mature Fortune 100 business simply pushing for improvement. Regardless, when a company requires inventory, simulations – not calculations – can accurately determine stock levels. This saves money and resources, allowing the business to spend more time focusing on strategic initiatives.
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.