Question

When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typically called:

Answer 1

When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typically called Anticipatory inventory.

What is Anticipatory inventory?

• Anticipatory inventory is the stock that is continued to accord to the normal buyer interest. It is very like wellbeing stock however it contrasts as in this stock is generally kept occasionally when the interest for items can shift enormously.
• This inventory enables a company to adapt to changes in customer demand.
• It enables the company to constantly provide customer service.
• When demand fluctuates, it enables the company to grow its operations.
• This inventory type may resemble safety stock quite a bit. It varies from safety stock, though, in that it is kept on hand by the business to handle demand swings. This change reflects the anticipation of rising demand in the near future.
• If a scarcity or price increase is anticipated soon, businesses might store more inventory.

Hence, this kind of inventory is frequently referred to as anticipatory inventory, such as when the grocery store orders a huge supply of chocolate candies right before Valentine's Day.

To learn more about inventory refer to:

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