Material Cost Question:
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Can you please explain why should over stocking be avoided?
Answer:
Due to the following consequences over stocking should be avoided:
-Funds get blocked which could be used elsewhere
-More storage facilities are required
-High costs of storage and maintenance
-Deterioration of quality and obsolescence of stock
-High Insurance cost More security and safety measures.
-Funds get blocked which could be used elsewhere
-More storage facilities are required
-High costs of storage and maintenance
-Deterioration of quality and obsolescence of stock
-High Insurance cost More security and safety measures.
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