Construction activity is withering, a dreadful development for the industry but one that is reducing inventory and sowing the seeds for an eventual recovery of home prices.

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Calibrating your business to respond instantly to changing consumer tastes, rapidly delivering products to fill immediate needs, simultaneously serving the market better while reducing inventory carrying costs, is an extremely compelling business case.

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Nevertheless, "we give them good marks for proactively reducing their inventory beginning last April, " says analyst Sean Jones at Moody's Investors Service.

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After taking the reins in March 1997, he quickly forced Novell through a painful restructuring, firing a whopping 1, 000 people (including half of the company veeps), rigorously reducing costs and streamlining inventory.

FORBES: Net gains

Overstock changed its business model in 2012 primarily in clothing and shoes, from a direct inventory-based model to a fulfillment partner-based model with the aim of reducing exposure to discounts and seasonal inventory risks.

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The first step in reducing a position is to take a full inventory.

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And, tapping his auto parts experience, he introduced the just-in-time inventory-control system and lean manufacturing, which emphasizes reducing wasteful processes in order to make better products and respond quickly to customers.

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In addition, DCM enables inventory optimization so retailers can reduce out-of-stocks while reducing inventories.

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