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What can you do in order to reduce inventory costs but still have a good service level? What's the best way to forecast the demands?

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Question added by Laurentiu Ion , IT Functional analyst (Project Manager) , Orange Professional Services
Date Posted: 2014/04/11
Manoharan Vallamunji Kasinathan Vallamunji
by Manoharan Vallamunji Kasinathan Vallamunji , Purchase Engineer (Supply Chain Management) , ITR MIDDLE EAST

Implementing the pull system.

Maintaing proper relation with customers and suppliers to understand the market demand.

Analysing pervious year records.

Insisting the customer to send rough three month schedule and their last three month sales.

If possible discuss with end user about the current market situations.

Reading journals, goverment tenders, goverment flexibility, country infrastructure plan etc.

Developing  dual suppliers.

Procuring items from local suppliers for slow moving items etc