The saying “When China sneezes, the world catches a cold” sums up the global economy’s dependence on China. Bearing in ...
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Storage Costs
What are Storage Costs?
Storage costs are the amount of money incurred as a result of storing inventory. The costs could be direct or indirect money spent on the storage of goods.
The storage costs may include costs for space, rent, electricity, software, depreciation and warehouse personnel. Generally, storage costs are described as a percentage of the inventory value. Depending on the industry, the percentage value varies.
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