It is similar (if not exactly the same) as you do at home. What do you stock at home? Soap, Shampoo, dish soap, softener, nail, paper.
Why you keep that stock? Convenience, right? Easy to grasp
How much would you like to spend ($$$$$....) for this conveniences?
Perhaps an extra USD 100 for your toiletries and consumer goods… no problem..
How if your inventory value USD 10MM, with about 10% working capital rate = USD 1 MM per year = USD 80000 per month…. How if part of this value use for your employee benefit? Hmmmmmm
But… if no stock the risk is very big…. depend on your business nature.
I don’t say, “no stock”, but how much…
If we double our stock…. Will we eliminate 100% risk.??? I dont think so..
So, how should we calculate the risk and ensure we have sufficient stock and risk and "conveniences"….. :-)
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