Lessons The Pandemic Taught The Supply Chain

As a planner, you know you need to learn from the past. This is so you can improve future planning and supply chains. One of the most useful things to learn from is customer demand data from previous COVID-19 waves. Does your inventory planning system allow you to use this demand data to run what-if scenarios? If not, you may want to consider another system.

The COVID-19 demand data collected from the initial waves of the virus gives us an opportunity to learn about key drivers of demand for specific product categories in specific location. We can learn where forecasts went wrong and use this information to improve future planning for the next waves of COVID-19 (e.g. Delta Variant). Any learnings can be used in future waves of COVID-19.

Right Sized Inventory 9/16/21 Right Sized Inventory 9/16/21

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.

Right Sized Inventory 7/5/21 Right Sized Inventory 7/5/21

What Does Changing Suppliers do to my Inventory?

Right Sized Inventory 6/27/21 Right Sized Inventory 6/27/21

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.

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.

Schedule a Call