explain activities related to creation of buffer stock In 4 points
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The stock of grains which is kept for sudden use for eg. a famine struckes or a earthquake comes and all grains or eating stuff gets damaged then this extra stored stock is used, is called buffer stock.
It is mainly stored in very large containers also called grain silos.
It is mainly stored in very large containers also called grain silos.
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Buffer stocks are the backup stock kept for running the normal business operations in case of some unfortunate delay arises in procuring materials from vendors.
It is kept taking into account the lead time required for procuring materials from vendors. It helps in running the normal business operations smoothly due any delay caused due to any uncontrollable circumstances.
It is kept taking into account the lead time required for procuring materials from vendors. It helps in running the normal business operations smoothly due any delay caused due to any uncontrollable circumstances.
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