Q14 Analyse the reasons of holding inventory by a manufacturing business. [6]
Possible Structure:
[KN]
[AN]
[AN+]
[KN]
[AN]
[AN+]
14 Analyse the reasons of holding inventory by a manufacturing business. [6]
Moderators: Salman Khalid, Syed Mustafa Ali
-
Sir Afzal Shad
- Grand Commerce Guru
- Posts: 328
- Joined: Sun Oct 22, 2023 10:10 pm
- Has thanked: 20 times
- Been thanked: 5 times
-
Syed Mustafa Ali
- Grand Commerce Guru
- Posts: 243
- Joined: Mon Oct 23, 2023 10:07 pm
- Location: Pakistan
- Has thanked: 1 time
- Been thanked: 3 times
Re: 14 Analyse the reasons of holding inventory by a manufacturing business. [6]
[KN] Meeting Customer Demand
[AN] Inventory ensures quick product availability, reducing lead times and enhancing customer satisfaction.
[AN+] It also helps us avoid running out of products, allows us to sell more, and builds a reputation for being a reliable business.
[KN] Managing Production Uncertainties
[AN] Keeping extra materials helps us handle surprises, like delays in getting materials or more people wanting our products.
[AN+] It's like having a backup plan that ensures we can keep making and selling our products smoothly even if unexpected things happen.
[AN] Inventory ensures quick product availability, reducing lead times and enhancing customer satisfaction.
[AN+] It also helps us avoid running out of products, allows us to sell more, and builds a reputation for being a reliable business.
[KN] Managing Production Uncertainties
[AN] Keeping extra materials helps us handle surprises, like delays in getting materials or more people wanting our products.
[AN+] It's like having a backup plan that ensures we can keep making and selling our products smoothly even if unexpected things happen.