As a manager, what recommendations could you provide to reduce inventories as it relates to safety stock?

Many fast-food companies increased the variety of meals on their menus to remain competitive. This has increased the complexity of operations, particularly inventory management, while also enhancing competitiveness. What challenges did inventory management face as a result of the expansion of menu options? Safety stock is one type of inventory that businesses typically keep on hand to guarantee that a range of items is always available. Safety stock, however, restricts cash flow and ties up resources.

Investigate safety stock using the Argosy University online library’s resources and the Internet.

Then reply to these questions:

What suggestions could you provide as a manager to lower inventories in relation to safety stock? What factors would make you think that the company would benefit from a large safety stock, a small safety stock, or a zero safety stock? Make sure to back up your claims with examples and evidence. After you’ve posted, talk about the following:

What are some strategies a business can use to lessen the need for inventories? How has technology helped with inventory control? How have technical advancements in goods like cars and computers affected choices on what to stock? Your opening statement should be between 200 and 300 words. Cite sources in accordance with APA guidelines.