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What are the reasons for keeping stock?

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Question ajoutée par Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG
Date de publication: 2015/03/21
Saiful Islam Hiron
par Saiful Islam Hiron , Site HR Manager , Handicap International

To avoid materials shortage.

Mir Mujtaba Ali
par Mir Mujtaba Ali , Internal Audit Manager , Confidential

There could be five basic reasons for keeping stock:

1) time2) uncertainty3) seasonal demand4) appreciation in value5) economies of scale

Muhammad Umair Arain
par Muhammad Umair Arain , General Accountant , Heart Beat Medical Center & One Day Surgery LLC

In order to avoid any disruption in running operations 

Hany Helmy Haleem
par Hany Helmy Haleem , Director of Warehouses , Nasco Automotive

 

  • Five basic benefits are achieved through warehousing:

    • spot stock,

    •  assortment,

    • mixing,

    • production support,

    •   market presence

Best Reagrds.

Emad Mohammed said abdalla
par Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

I agree with the answers been added by EXPERTS. Thanks

Abdou warshan
par Abdou warshan , • مدير إدارة المخازن والنقل , شركة تمكين الدولية للأجهزة المنزلية

There are three basic reasons for keeping stock :
  1. Time - The time lags present in the supply chain, from supplier to user at every stage, requires that you maintain certain amounts of inventory to use in this "lead time."
  2. Uncertainty - Inventories are maintained as buffers to meet uncertainties in demand, supply and movements of goods.
  3. Economies of scale - Ideal condition of "one unit at a time at a place where a user needs it, when he needs it" principle tends to incur lots of costs in terms of logistics. So bulk buying, movement and storing brings in economies of scale, thus inventory.

Mohammed Fathe  Shaheem
par Mohammed Fathe Shaheem , Operation Executive , Arabian Construction Company

AGREED BY HELMI AND ABDOU......................................