What strategies can you approach to reduce this inventory?

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Answer the questions below throughout & in detail. Suppose that you are a Logistics manager & the following dilemma arises: You have 100,000 pieces in excess of a bottle & cap used in the production of ready-to-drink protein shakes. This inventory will cover demand for beyond the 1-year mark. What strategies can you approach to reduce this inventory? Suppose you decided to collaborate with Marketing/product development. What impact will this have on marketing? What are their challenges? Using the above example above as reference, what are some supply chain/demand strategies that you can recommend to marketing for future products in order to avoid this situation. What are some of the consequences of not correctly managing these inventories?

 

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