Question

why is it important that a business maintains the right level of stock?

Answer 1

Stock control allows the company to determine the amount needed to meet customer demand with as little delay in delivery as possible. When a company continuously fails to meet customer demand due to stock outs, customers may choose a competitor with a better delivery record.

Answer 2

Answer:

Stock control allows the company to determine the amount needed to meet customer demand with as little delay in delivery as possible. When a company continuously fails to meet customer demand due to stock outs, customers may choose a competitor with a better delivery record.

Stock control allows the company to determine the amount needed to meet customer demand with as little delay in delivery as possible. When a company continuously fails to meet customer demand due to stock outs, customers may choose a competitor with a better delivery record.

It allows you to regularly monitor and increase gross profit, reduce loss, improve control of allowances, and reduce waste.