c) Holding of stock is total nonsense "Discus this statement highlighting on how warehousing adds value in the supply chain of any organization of your choice. [6 Marks]

The statement "Holding of stock is total nonsense" suggests that inventory management might be seen as unnecessary or even counterproductive. However, warehousing and inventory management play a crucial role in the supply chain by ensuring that products are available when and where they are needed. For instance, in the case of Apple, effective inventory management ensures that the latest iPhone models are available for customers as soon as they are released. This not only meets customer demand but also enhances the company's reputation for timely product launches. Additionally, warehousing allows for the storage of raw materials, which can be used to produce products on demand, thereby reducing lead times and increasing efficiency. Thus, rather than being a "total nonsense," holding stock is a vital component of a well-functioning supply chain. It ensures that organizations can meet customer demands efficiently and effectively, thereby adding value to the supply chain.