DS Supply Chain Blog

Five Things You Can Do This Week to Reduce Inventory: Part III

Where were we? I’ve already shared the first two steps you can take to reduce inventory: set a goal, and develop a safety stock strategy.

My third tip will relate to forecast accuracy—always a hot topic of discussion.

You’re not going to make any lasting headway on inventory reduction unless you can get your sales forecasts under control. Most companies expect the forecast to run…

Five Things You Can Do This Week to Reduce Inventory: Part II

In my last blog post, I mentioned that I’d be sharing five steps you can take to start reducing your inventory as soon as this week. As promised, today’s post will continue the series.

If you read my first post and took my advice, you’ve already set a goal for inventory reduction. That wasn’t so hard, was it?

So, what comes next?

Well, now that you've committed to reducing…

Five Things You Can Do This Week to Reduce Inventory: Part I

Want to reduce your inventory? Well, you’ve got customer service levels to think about first. And the best inventory reductions are done in a targeted, highly strategic fashion—not blindly and across-the-board.

But all things being equal, your answer to my question is surely “yes.” In fact, practically any supply chain professional—not to mention, CFO—would jump at the chance to reduce their…

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