Post by Obafemi EMILOLA, FIMC, CMC® (@ObafemiEmilola)

TOO MUCH STOCK CAN BE A PROBLEM TOO.

Having enough stock is important, but having more than you need can tie up money.
Products can sit in the warehouse, take up space, become damaged or even expire.

Good inventory management is about having the right amount of stock at the right time.

Have you ever seen a business keep more stock than it actually needed?

TOO MUCH STOCK CAN BE A PROBLEM TOO. Having enough stock is important, but having more than you nee...

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Comments

Linzkits: I think someone who knows about project management will be able to help on avoiding this...
Nancy Ogbogu: Having much stock is not the problem, are you truly selling.
Omotoso Taiwo Yemi: Some people do this when the price of the product comes down and hope to make money when it goes up, end up selling damaged and expired products
Ibukunoladunni: Yes then it gets expired and some still leave it on the shelf for customers to buy
EMRYS_08_Evolves: Yes some businesses fall into this situation when they are fully stocked but there's low demand
Blessing Emmanuel: The demand of the people should determine whether you buy small or plenty. The higher the demand the higher the stock
Mary Mayokun Kolawole MBA, ACIPM: Building redundancy into your business is very important but that's if you can afford it.
It can protect you from the immediate effects of inflation. That's hedging.
Either you will use pull or push supply principle depending on the nature of your business.
Mary Mayokun Kolawole MBA, ACIPM: Building redundancy into your business is very important but that's if you can afford it. It can protect you from the immediate effects of inflation. That's hedging.
Either you will use pull or push supply principle depending on the nature of your business.

What do you think?

#LekeeLekeeFamily #L...