inventory maintenance contributes to reduction in ____ inventory levels .
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forecast accuracy inventory levels
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Inventory Reduction Meaning: What Is Inventory Reduction? Inventory reduction is the process of lowering inventory levels to a point where they meet customer demand. Reduction of inventory is necessary to eliminate excess products, free up warehouse space, save money, and increase profits.
Explanation:
refers to the process of ordering, storing, using, and selling a company's inventory. This includes the management of raw materials, components, and finished products, as well as warehousing and processing of such items.
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