Stock Control Flashcard
Flashcard
•
Business
•
10th Grade
•
Easy
Danette Middleton
Used 1+ times
FREE Resource
Student preview
12 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What are the key components of an effective stock control system?
Back
Accurate inventory tracking, demand forecasting, efficient order management, and real-time reporting and analysis.
2.
FLASHCARD QUESTION
Front
What is the main focus of lean production?
Back
Minimisation of resources used in production
3.
FLASHCARD QUESTION
Front
Goods on the production line are seen as stock.
Back
True
4.
FLASHCARD QUESTION
Front
What is the maximum stock level?
Back
100
5.
FLASHCARD QUESTION
Front
What is the minimum stock level?
Back
25
6.
FLASHCARD QUESTION
Front
What is the reorder level?
Back
300
7.
FLASHCARD QUESTION
Front
What is the lead time?
Back
One month
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