Why do organizations need inventory ?

Organizations maintain inventory for several reasons, and the specific reasons can vary depending on the type of organization and its industry. Here are some of the primary reasons why organizations need inventory:

1. Meeting Customer Demand: One of the most fundamental reasons for maintaining inventory is to ensure that an organization can meet customer demand promptly. Having a sufficient stock of products or materials on hand allows a company to fulfill customer orders in a timely manner, preventing stockouts and customer dissatisfaction.

2. Buffer Against Uncertainty: Inventory acts as a buffer against uncertainties in supply and demand. It helps ____ __________ __________ ________ _________ _______ ___ _____ ___ _________ _________ ___.
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