Why do organizations need inventory ?

Organizations need inventory for several reasons:

1. Customer Demand Fluctuations: Inventory helps organizations meet fluctuations in customer demand. Having sufficient inventory ensures that products are available and can be supplied promptly when customers want to purchase them.
2. Buffer Against Lead Times: Inventory acts as a buffer against lead times in the production or procurement of goods. It allows organizations to have products readily available while waiting for new stock to arrive.
3. Seasonal Demand: For businesses that experience seasonal fluctuations in demand, maintaining an inventory allows them to stock up on products during slow seasons ____ _____ ____ ______ ___ ____ ________ _______ ______ _____ ____ ________.
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