Stockpiling

Cards (3)

  • Stockpiling
    • Build up of large stock of goods and materials
  • Disadvantages of stockpiling
    • Goods can go out of date, especially in food businesses
    • Warehouse costs will be high and require a lot of storage space
    • Change in demand can result in large stock going to waste
  • benefits of stockpiling
    • Links to sales revenue/volume, customer satisfaction/loyalty, and profit