In managing inventory levels and minimizing waste, the key approach I follow is data-driven decision-making. I rely on real-time tracking systems that integrate across operations, allowing us to monitor stock levels, usage patterns, and order trends. This helps ensure we maintain optimal inventory without overstocking, which can lead to waste or unnecessary costs. A specific practice we've implemented is just-in-time (JIT) inventory management, where we carefully align our procurement schedules with production needs. By working closely with suppliers and forecasting demand, we've been able to reduce excess stock and the associated risk of it becoming obsolete. This has not only minimized waste but also improved cash flow, making our operations leaner and more efficient.