"reduce slack" is correct and usable in written English.
You could use it to talk about reducing the degree of slack/leeway you are allowing someone or something to have. For example, "We need to reduce slack in our delivery processes to ensure our customers are receiving their orders on time."
Roubini: Because you have a huge upper gap, huge slack in the labor market, takes several years of above trend growth to reduce that slack.
The inner wing (plagiopatagium) contains intrinsic muscles within the membrane and muscles along the leading and trailing edge that may reduce the slack of the membrane (e.g. Norberg, 1972) and thereby mitigate adverse drag effects of a slack membrane when the inner wing span is reduced (Alben and Shelley, 2008).
"Some members thought that an increase in the maximum amount of the committee's purchases of agency MBS could help to reduce economic slack more quickly than in the baseline outlook," the Fed said in the minutes.
Coming on top of revisions to previous estimates of employment gains in May and June that added another 42,000 jobs, average job growth this year was bumped up to 191,000 a month, sufficient to absorb the expansion of the labor force and reduce the slack in the job market.
On the one hand, when the target is minimal use of surgical resources, a more efficient surgical schedule may reduce the slack in the schedule, and therefore reduce the required capacity while keeping the societal costs due to patient cancellation and waiting constant.
First, NPD acceleration tends to increase the difficulty of the project by introducing new procedures and by reducing schedule slack.
Fluctuating production leads to inefficiency as factories reduce output in slack periods.For that reason, McKinsey argues that BTO is a will o' the wisp for car companies.
General Motors said yesterday that it would idle three of its 29 North American factories and furlough 2,450 workers next week to reduce production because of slack demand.
The Austrian-American was quoted as saying this week that it doesn't matter whether Trump is on board with the climate accord or not, "because companies, scientists and other governments can 'pick up the slack' to reduce global emissions".
Even if expectations for tomorrow's jobs report pan out and we see solid payroll growth and further progress toward reducing labor market slack, the Fed should hold off on raising rates until it's clear that the economic recovery retains traction.
