The best way to reduce the investment in inventory is to eliminate the investment altogether.
This inventory reduction action can be achieved without risk and with full access to the inventory by having someone else hold and/or pay for the inventory.
This approach, sometimes known as consignment stocking, transfers both the ownership and the management of replenishment of the inventory to the vendors. Your company only pays for what it uses, when it uses it.
— The content below this line is only visible to logged-in members —