It provides time utility.
Inventory refers to the amount of goods being stored.
Storing is necessary when production does not evenly match consumption and it can increase the value of goods by making them more available when customers want them. But storing always involves costs too. Storing and Marketing Strategy Storing Helps Keep Prices Steady. Many goods, especially food items, are produced seasonally but in demand year-round. Storing helps balance supply and demand and so keeps prices from sudden rises or falls.