Decrease Forecasted Inventory Levels
The company can revaluate the required inventory forecast and change them according to the already present inventory levels. This will reduce the amount of inventory at the stores in the short term.
Increase Cost Efficiency
The company can increase cost efficiency by reducing overhead costs and buying at lower costs. However this is only a short term strategy and in the long term, the overheads need to be appropriately managed. The inventory management will also aid in reducing overhead costs.
Change in Policies Pertaining to HR Management
Change policy effective immediately on the code of conduct in the work place for employees and establishment of protectionist policies for workers against harassment and discrimination
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