Stock Management Activity

Match the following

• replacing stock just before it is needed

• Minimum level

• The level that stock must not fall below

• Just-in-time

• Goods purchased for resale

• Stock control

• The highest amount of stock to be kept .

• Stock

• controls to ensure sufficient stock

• Maximum level

Match the following

• input used in a manufacturing process.

• Finish good

• total demand for products and services.

• Raw material

• unauthorized collection of items.

• Pilferage

• Goods completed but not yet sold.

• Market demand

• reserve of various goods.

• Consumables

Match the following

• supplies replaced as they are used up.

• Inventory

• money available to conduct daily actvty

• Spare parts

• Items required for regular maintenance.

• working capitabl

• How often stock is sold over time

• Stock turnover

What is the Item of stock that the record relates to?

What does the issue side of the stock card record?

What arithmetic operation is carried out on stock when stock is received?

To which department is the stock issued on the 2nd September?

What is the name and number of the document to which the issue relates on September 2?

The balance of stock is updated after each transaction, what type of balance (inventory system) is being maintained.