What is one strategy you use to balance meeting customer demand with managing inventory costs effectively? What advice would you give others trying to strike this balance?

I use demand forecasting with JIT inventory to balance customer demand and inventory costs. At ICS Legal, predictive analytics cut overstock by 25%, saving $10,000 annually. My advice: leverage tools like TradeGecko for real-time demand insights and maintain safety stock for high-demand items. Regular audits ensure accuracy, reducing waste by 15%. This approach optimizes cash flow while meeting client needs effectively.