Explain the importance of storage and requirements of storage. Write its advantages.

 Storage is a crucial aspect of supply chain management as it helps to preserve and protect goods, maintain their quality and ensure their availability for distribution. The importance of storage and its requirements are discussed below.

Importance of storage:

1. Protection: Storage protects goods from physical damage, theft, and other environmental factors such as moisture, temperature changes, and pests. This is especially important for perishable goods such as food, pharmaceuticals, and chemicals, which can quickly spoil if not stored correctly.

2. Quality preservation: Storage helps to preserve the quality of goods by controlling the temperature, humidity, and other environmental conditions. For example, refrigeration and controlled atmosphere storage are used to preserve the quality of perishable goods such as fruits, vegetables, and meats.

3. Inventory management: Storage helps to manage inventory levels by ensuring that goods are stored efficiently and readily available for distribution. This helps to avoid stockouts, reduce waste, and improve customer satisfaction.

4. Cost savings: Storage can help to reduce costs by optimizing the use of space and reducing the need for frequent transport. For example, __________ ________ _________ ___ _________ _________ _________ _____.
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