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Accounting Best Practices, Fifth Edition by Steven M. Bragg Englewood, Colorado

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Inventory Reduction

16–32Reduce the number of products
16–33Reduce the number of product options
16–34Obtain direct links into customer inventory planning systems
16–35Adopt just-in-time purchasing
16–36Shift raw materials ownership to suppliers
16–37Drop ship inventory
16–38Reduce safety stocks by accelerating the flow of internal information
16–39Reduce safety stock by shrinking supplier lead times
16–40Use variable safety stocks for fluctuating demand
16–41Cross-dock inventory
16–42Use overnight delivery from a single location for selected items
16–43Focus inventory reduction efforts on high-usage items
16–44Eliminate redundant part numbers
16–45Standardize parts
16–46Identify inactive inventory in the product master file

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