What do you think should the objectives of an efficient system of storekeeping

Inventories whether they are materials, work-in-progress and finished goods constitutes a large part of cost for an organization. It is therefore important to understand the following major objectives of an efficient system of storekeeping which are as follows:- That not too much inventories is held That not too little inventories is held That loss of materials/inventories are minimized; and Inventories/materials  are readily located and available.