(video) Let Us Explain How We Solve the Inventory Management Dilemma
Imagine you run a business and your inventory is the lifeline of your operations. It includes raw materials, finished goods, and everything in between. However, if the inventory isn't managed properly, it becomes a liability to the business. All enterprises that make, move, store, or sell physical goods face this inventory management dilemma.
Having too much inventory means a company's working capital is tied up, not generating revenue, and likely accruing storage costs, unneccessary processing, and scrap or spoilage. Having too little inventory means that customers can't give the company money in exchange for items they wish to purchase. This quite literally defeats the purpose of being in business in the first place.
Unfortunately, most enterprises face both too much and too little inventory at the same time. This is where inventory optimization comes into play. It's the process of finding the right balance between having enough stock to meet customer demands, while minimizing excess inventory and associated costs. At Right Sized Inventory, we are hyper-focused on helping businesses address the inventory dilemma.
Our patented predictive analytics technology uses actual customer data to simulate their environment. We predict optimum inventory levels and enable our clients to realize better business outcomes by eliminating inventory imbalances. Our technology is designed to work with existing planning solutions, not replace them.
The deployment of our solution is easy and fast, unlike other technology implementations. We do this by engaging our team of supply chain experts, and establishing manual data exchanges to jumpstart implementation. This approach allows our clients to realize the benefits from Right Sized Inventory's unique technology in a matter of days.
Speaking of our supply chain experts, right sized inventory provides inventory optimization as a service support to our clients to help maximize the value they received from our technology. Our IOaaS team acts as an extension of our client's planning teams, providing critical guidance based on RSI's patented technology.
We often detect important changes in demand or supply patterns that enable better decision making. Beyond setting effective inventory targets, it's never too late to start addressing your own inventory dilemma. Inventory optimization, when done right is a powerful tool for you to better balance, cost, and customer service while improving overall business results.
To take the first step, browse our website where you can get more information or connect directly with our team of supply chain experts. We look forward to helping you solve your inventory challenges today.
