Stock Management Activity

Match the following

• controls to ensure sufficient stock

• Minimum level

• Goods purchased for resale

• Just-in-time

• replacing stock just before it is needed

• Stock control

• The level that stock must not fall below

• Stock

• The highest amount of stock to be kept .

• Maximum level

Match the following

• Goods completed but not yet sold.

• Finish good

• total demand for products and services.

• Raw material

• unauthorized collection of items.

• Pilferage

• input used in a manufacturing process.

• Market demand

• reserve of various goods.

• Consumables

Match the following

• Items required for regular maintenance.

• Stock turnover

• supplies replaced as they are used up.

• Spare parts

• money available to conduct daily actvty

• working capitabl

• How often stock is sold over time

• Inventory

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.