RightChain

RightChain Inventory is an Inventory Optimization as a Service product offered by RightChain Incorporated. According to the vendor, it is designed to optimize inventory management for large corporations, catering to the needs of supply chain professionals, inventory managers, operations managers, warehouse managers, and logistics managers across various industries.

Key Features

SKU Optimization: According to the vendor, the product optimizes the valuation and classification of SKUs based on various criteria such as revenue, margin, forecastability, and more.

Forecast Optimization: The vendor claims that the product utilizes artificial intelligence and machine learning techniques to maximize forecasting accuracy and minimize errors and bias.

Lot Size Optimization: According to the vendor, the product optimizes the lot sizes for inventory replenishment to minimize costs while meeting demand requirements.

Turn/Fill Rate Optimization: The vendor states that the product maximizes the financial and service performance of each SKU by optimizing the inventory turn rate and fill rate.

Deployment Optimization: According to the vendor, the product optimizes the allocation of inventory across multiple supply chain echelons to balance inventory levels, service levels, and costs.

Planning Optimization: The vendor claims that the product optimizes the allocation of supply chain capacity and inventory to maximize the financial and service performance of inventory.

Sourcing Optimization: According to the vendor, the product optimizes the sourcing decisions for inventory replenishment to minimize costs and ensure timely availability.

Inventory Insights: The vendor states that the product provides real-time visibility and analytics on inventory performance, trends, and key metrics.

Inventory Scoreboard: According to the vendor, the product presents a comprehensive view of inventory performance and key indicators through visual dashboards and reports.

Inventory Practices: The vendor claims that the product offers best practices, methodologies, and recommendations for effective inventory management.