Whatever we are selling, Spare parts, Whiteboards or anything we need to maintain a minimum stock so that we can provide those to our customers and if delay in providing the products then we may lose customers and it will be a bad image so better to maintain minimum stock and when our stock is nearing the minimum stock we should place a new order.
Importance of minimum Stock in Business
- Thread starter Hate2Wait
- Start date
This is very true and we need to be able to have those products at hand so that once our customers ask for the products the seller will be able to sell to them and also it should not be too much so that they won't get spoilt
- Thread starter
- #3
This is where maintaining minimum stock will be of so much help for us in our business
- Thread starter
- #6
All these things need to be considered because we need to see the shelf life of the product and it's expiry date to manage the inventory.
I think it will good to also check the expiration date to be sure it will get expired very soon.
Yeah way to go it will help one to avoid high losses they comes with expired goods.
- Thread starter
- #14
Yes we need to see it and can plan the production as per our sales and we also need to take into consideration special days
Definitely, even production should be minimised to avoid spoilage too which will cost money
- Thread starter
- #17
If we can consider all these things and also look into the special days like Sundays or festivals on which you see better sales then it will be quite useful
It is important so that your customers won't be disappointed in the event that your own supplier fails. It is a good thing to do.
