this post was submitted on 07 Jan 2024
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I guess the context in which this is applied to makes the difference.
In my home, I'm fine with keeping inventory when it makes sense.
Non perishable food, for example, has it's own happy place in a corner of my home that wouldn't otherwise be utilized. Stocking up on this inventory has demonstrably saved a lot of money vs. buying when needed.
During covid, my stockpiling years before allowed me to essentially not run out of anything or pay a premium on things that were either not available or overpriced during the first year of the pandemic.
Keeping a stockpile also means that I'm not wasting time, gas, energy, or money running out multiple times a week to pick up necessities. I just take from my inventory, which would be at a lower price than the current price, and I move on with my day.
If I had to only buy certain things when needed, I estimate that I'd likely be overspending by at least 30% + whatever time and transportation costs to make those errand runs.
No disagreements here! What you're doing here is recognising that the waste incurred from storage is less of a problem than the waste incurred through Transportation, or Waiting for resupply. In this case, inventory is waste worth doing. Any workshop needs to keep SOME spare parts, every house needs to have SOME food in the freezer. But that doesn't mean it's not a kind of waste to store stuff -- a fact people acknowledge when they choose not to rent a warehouse to store even more.
What I'm saying is that it's a trade-off. In fact it's a pretty bland statement, obvious when you think about it, but putting it into words like this can be helpful when making processes more efficient.