Define i ventory. what are the advantages and disadvantages
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a complete list of items such as property, goods in stock, or the contents of a building.
disadvantage
Disadvantages of High InventoryHaving high inventory levels generally means your company is struggling to turn over inventory and make sales. The manufacturer may lack the skills necessary for such control or be unwilling to incur the control costs. High Costs Carrying excess inventoryhas significant costs.
advantage
For most small businesses, inventoryfunctions as the largest investment the company makes. Numerous financial and service related advantages exist for the company that manages to effectively control its inventory; these include leaner operations and reduced operational expenses.
a complete list of items such as property, goods in stock, or the contents of a building.
disadvantage
Disadvantages of High InventoryHaving high inventory levels generally means your company is struggling to turn over inventory and make sales. The manufacturer may lack the skills necessary for such control or be unwilling to incur the control costs. High Costs Carrying excess inventoryhas significant costs.
advantage
For most small businesses, inventoryfunctions as the largest investment the company makes. Numerous financial and service related advantages exist for the company that manages to effectively control its inventory; these include leaner operations and reduced operational expenses.
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