storage costs: includes rent as well as associated costs
opportunity costs: cost of investing money in stock instead of something else. Capital tied up in stock is unproductive and could be used more efficiently elsewhere
can use insurance in the case of loss, damage, injury, or death
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Cold Storage
refrigerators, coolers, and freezers to maintain safety and preserve quality
use-by dates must be adhered to
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Dry Storage
anything stored at room temperature
10°C to 21°C
ventilation
light
cleanliness
humidity levels (50-60%)
prevent mould and rust if humidity is kept low
by keeping at least two feet between inventory and ceiling to allow for ventilation
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Racking
support and convenience that is lacking with block stacking
first in first out
used in small storage rooms or container to increase storage space
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Block Stacking
items stored on a pallet or the floor
costs minimal as you do not need additional equipment or materials
possible weather damage
can use tarpaulin to protect storage
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Legislation - Health and Safety
RIDDOR
COSHH
Health and Safety at Work Act 1974
The Work at Heights (Amendment) Regulations 2007
The Lifting Operations and Lifting Equipment Regulations 1998
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