What are the risks of buying in bulk?
An example of an AI chatbot conversation about the risks of buying in bulk.
What are the risks of buying in bulk?
Buying in bulk can lead to several risks, such as overstocking, spoilage, and cash flow issues.
Can you explain overstocking a bit more?
Sure! Overstocking occurs when you purchase more items than you can sell, leading to excess inventory that ties up capital.
What about spoilage? Is that a common issue?
Yes, spoilage is a significant risk, especially for perishable goods. If items expire before you sell them, you incur losses.
How can I mitigate these risks?
To mitigate risks, consider demand forecasting, purchasing smaller quantities, and monitoring inventory levels regularly.
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