Ten Ways to Reduce Inventory, While Maintaining or Improving Service

by Chuck LaMacchia, The Progress Group, LLC

Abstract:

Inventory is a significant and visible asset in most companies - often the largest. Executives and shareholders have focused on inventory levels for years, but it has frequently been reduced arbitrarily, without a full understanding of supply chain implications. This paper discusses approaches to sustainable, and appropriate, inventory reduction.

Here are 10 approaches to lowering your inventory.

The key to sustainable reductions is to focus on the input variables. But remember, the overarching goal of the organization is to maximize long-term profits. Any attempt to reduce inventory should be in harmony with this goal.

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