Stockpile management is the process of managing stockpiles of materials. It includes planning, monitoring and controlling stockpiles to meet production requirements. The key elements of stockpile management are:
Planning – Planning for future needs is essential. The plan should include information about current and expected demand, storage capacity, and available supplies.
Monitoring – Stockpiles must be monitored regularly to determine if they are meeting production requirements.
Controlling – When needed, stockpiles should be moved or destroyed according to established procedures.