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What are the Advantages and disadvantages of keeping stock to the business?
Wiki User
∙ 8y ago
Advantages of Keeping Stock:
Meeting customer demand promptly.
Reduced lead times and quicker order processing.
Bulk purchasing discounts.
Buffer against supply chain disruptions.
Seasonal demand management.
Emergency preparedness.
Disadvantages of Keeping Stock:
Storage costs.
Risk of obsolescence.
Tied-up capital.
Inventory management challenges.
Risk of shrinkage and theft.
Market fluctuations impacting sales.
sattamatkkaa
E Square System and ...
Keeping stock can provide several advantages to a business, including ensuring product availability to meet customer demand, enabling bulk purchasing for cost savings, and facilitating faster order fulfillment. However, it also comes with disadvantages such as tied-up capital, storage costs, risk of obsolescence or damage, and the need for effective inventory management to avoid overstocking or stockouts. Balancing these factors is crucial for optimizing the benefits of maintaining stock while minimizing its drawbacks.
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