
Stock Control Basics
Flashcard
•
Business
•
9th - 10th Grade
•
Practice Problem
•
Easy
Carly Matthews
Used 1+ times
FREE Resource
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10 questions
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1.
FLASHCARD QUESTION
Front
What are the key components of stock control?
Back
Having sufficient stock, recording stock and stock movements, checking stock levels, re-ordering stock, rotating stock, and dealing with damaged, returned, and out-of-date stock.
2.
FLASHCARD QUESTION
Front
What types of stock should learners be aware of?
Back
Perishable, non-perishable, frozen, high value, fragile, restricted, large items, and living stock.
3.
FLASHCARD QUESTION
Front
What technology is used in stock control?
Back
Computerised systems, databases, EPOS, and automated ordering.
4.
FLASHCARD QUESTION
Front
What are the benefits of using technology in stock control?
Back
Improved efficiency, accuracy, and ease of managing stock levels and movements.
5.
FLASHCARD QUESTION
Front
What is the purpose of stock rotation?
Back
To ensure that older stock is used or sold before newer stock, reducing waste and spoilage.
6.
FLASHCARD QUESTION
Front
How does EPOS help in stock management?
Back
EPOS systems provide real-time data on sales and stock levels, helping in accurate stock tracking and reordering.
7.
FLASHCARD QUESTION
Front
What are the challenges of managing high-value stock?
Back
Ensuring security, preventing theft, and maintaining accurate records to avoid financial loss.
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