RightChain Lots

RightChain Lots Production and Procurement Lot Size Optimization
Production and procurement lot size optimization to minimize inventory carrying, changeover, and procurement costs.
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RightChain Lots minimizes the sum of inventory carrying, changeover, and procurement costs by optimizing production and purchasing lot sizes. The optimization jointly considers setup costs, inventory carrying rates, unit standard costs, demand, and procurement costs. RightChain Lots also considers several lot sizing constraints including production capacity, batch sizes, storage capacity, and handling unit configurations. RightChain Lots has been successfully applied and implemented in aerospace, apparel, automotive, beverage, consumer products, food, healthcare, heavy industry, retail, service parts at BP, Coca-Cola, Colgate, Disney, LiDestri, Hamilton Sundstrand, Home Depot, Honda, Invitrogen, and Procter & Gamble.

Optimize Production Lot Sizing

RightChain Lots minimizes changeover and inventory carrying costs optimizing production lot sizes in jointly considering production setup costs, unit standard costs, demand, and inventory carrying rates.

Optimize Procurement Lot Sizes

RightChain Lots optimizes procurement lot sizes incorporating logistics costs, purchasing costs, unit costs, discounts, and inventory carrying costs.

Minimize Production Changeover Costs

RightChain Lots works to simultaneously minimize changeover and inventory carrying costs.

Model Lot Size Constraints

RightChain Lots considers minimum and maximum lot sizes, production capacity constraints, and production capacity constraints.