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The Latest News and Thoughts from the RSI Team
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?
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.
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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.