Stock Control - Just in Time

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Stock Control - Just in Time

Advantages

  • No waste / unnecessary spending
  • More space
  • Saves time pre-ordering
  • No need for storage

Disadvantages

  • May run out of stock earlier than usual / expected
  • Planned delivery / order may fail
  • Sales lost due to underestimation

Evaluation

This method is risky - if the planned delivery is missed, the business may loose sales due to running out of stock which would jeopardize reputation and may result in loss of repeat business.Alternatively, this method saves a lot of storage.

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