Answer: This is known as RISK ASSESSMENT.
Risk assessment can be defined as the determination of the potential impact of an individual risk by measuring or otherwise assessing both the likelihood that it will occur and the impact if it should occur, and then combining the result according to an agreed rule to give a single measure of potential impact.
Include all costs associated with carrying and maintaining inventories. They include costs such as obsolescence, deterioration, storage, inventory taxes, and insurance. ... Also called ordering costs. Include costs of placing order, receiving, pricing, and placing goods in stock; and processing payment.
Hope this helped.
