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How do I reduce inventory without impacting customer service?

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Question ajoutée par Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date de publication: 2016/04/26
Nitin Choudhary
par Nitin Choudhary , Assistant Manager - Planning & Inventory Management , Green Planet Industries

For a start do a ABC classification of inventory and then categorize into Moving/ Non Moving/ Slow Moving inventory.

 

Target for A class - Non moving inventory. Either use it up or prepare a liquidation plan to reduce the unnecessary inventory.

Historical baseline data cleaning will also bring the unhealthy inventory down which has no impact on customer service.

 

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