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The Latest News and Thoughts from the RSI Team
Family of Missing Hiker, RSI Founder, Launches Search & Rescue Awareness Campaign, “Dave Gives Back”
The Family of David Cook, RSI Founder, announces the launch of the “Dave Gives Back” Search & Rescue Awareness campaign. It is a beautiful effort resulting from a tragic event that affected not only the Cook family, but the broader New Mexico and Colorado communities.
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.
Is a higher service level ALWAYS the best option for inventory optimization?
A common Key Performance Indicator (KPI) when it comes to inventory optimization is some measure of “availability” of an item when it is needed by the customer. In simple words, service availability means “What percentage of the time was an item available when a customer needed it?”
RSI ANNOUNCES NEWEST CLIENT: SMOKING GOOSE MEATERY!
The results of just a few RSI inventory optimization simulations has led Smoking Goose to utilize RSI’s Replenishment Planning module, which takes the standard output of RSI and with a few more pieces of easy to grab information (current work-in-process and open sales) is able to tell Smoking Goose exactly how much to start producing of each item every week.
Right Sized Inventory 2020 Reflection
As 2020 draws to an end, we are reflecting on what an unprecedented year it’s been. Our hearts go out to everyone impacted by COVID-19 and wish to express our sincere thanks to all the front line workers around the world for their tireless efforts fighting this pandemic.
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.