Managing Supply Chain and Operations 1st Edition by Thomas Foster ,Scott Sampson,Cynthia Wallin,Scott Webb

Exercise 34

Inventory is expensive. Consequently companies are looking for ways to reduce inventory yet maintain high levels of customer service. Together, with a team, evaluate strategies and approaches by which companies could possibly reduce inventor)' levels while maintaining competitive customer service levels. The following questions might help focus your discussion.
How could improvements in forecasting demand affect inventor)' decisions?