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Which is the most effective for reducing Inventory? 1.Sales Increase 2. Less Purchase 3.Realistic Forecasting 4.Return inventory at discounted value

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Question added by Mohammad Shamsuzzaman Shamo , Senior Manager , BRAC
Date Posted: 2014/05/08
Abdou warshan
by Abdou warshan , • مدير إدارة المخازن والنقل , شركة تمكين الدولية للأجهزة المنزلية

The most effective for reducing inventory is realistic forecasting

Mohammad Tohamy Hussein Hussein
by Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

Relaistic forecasting from your list and objrvtively calculated re-order level, minimum level, and order quantity.

Lamis Hossam
by Lamis Hossam , SAP Application Consultant , First Engineering & Software Systems

Choosing the best forecasting method for the forecasted product

Muhammad Zubair
by Muhammad Zubair , CFO / Chief Accountant , RH Group

only thru

Realistic Forecasting

Srinivas Kotni ACA CMA
by Srinivas Kotni ACA CMA , Finance Controller , Ecolab

3.Realistic Forecasting 

reda mansour
by reda mansour , Supply Chain Manager , Nasaaem Hospital

a realistic forecasting which control the stock at minimum stock level without loss of sale balancing between stock costs & sale loss costs

Muhammad Fiaz
by Muhammad Fiaz , GROUP MANAGER ACCOUNTS, FINANCE AND TAX , SMPL Group of Companies

Realistic Forecasting should be done to manage inventory

Jean Hallit
by Jean Hallit , manager , conserve moderne chtaura, delta trading, tanmia sal

Just-In-time Manufacturing can assit in solving the issue as it requirs all of the choices

shaimaa selim
by shaimaa selim , Accountant , Center for Egyptian women's legal assistance (CEWLA foundation)

No.3 is the correct answer

Manoharan Vallamunji Kasinathan Vallamunji
by Manoharan Vallamunji Kasinathan Vallamunji , Purchase Engineer (Supply Chain Management) , ITR MIDDLE EAST

Realistics Forecasting ( Its diffult ) & sale increase

ALI ABDULLAH HASAN AL-KHAFAJI
by ALI ABDULLAH HASAN AL-KHAFAJI , Warehouse & Logistics Manager , Earth link Telecom

I thing the fourth step (Return inventory at discounted value) is most effective to reduce the inventory.

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