Why should over stocking be avoided?

Why should over stocking be avoided?


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.
What can be the consequences of under stocking?
Production process cannot be operated efficiently, resulting delivery schedules..
Define types of tenders - Single Tender, Limited Tender, Open Tender, Global Tender
Single Tender : When only one source of supply is available then single tender is addressed to the selected supplier….
What can be the discrepancies in material receipt?
There are two categories of material discrepancies:...First category includes-..Second category includes –
Post your comment