Complete this table from our Chapter 7 slides about inventory reduction. For each type of inventory, discuss the challenges (trade-offs) youll cause by reducing this type of inventory and the methods youd use to reduce that type of inventory without crippling your supply chain. If typing in the blocks gets too messy, feel free to simply write an outline with detailed bullet points for each.

Inventory Type Challenges Methods

Speculative stock

Obsolete stock

In-transit stock

Cycle stock (Order cycle/2)

Safety stock