Stock Management Activity

Match the following

• controls to ensure sufficient stock

• Just-in-time

• replacing stock just before it is needed

• Stock control

• Goods purchased for resale

• Minimum level

• The highest amount of stock to be kept .

• Stock

• The level that stock must not fall below

• Maximum level

Match the following

• unauthorized collection of items.

• Raw material

• reserve of various goods.

• Finish good

• total demand for products and services.

• Pilferage

• input used in a manufacturing process.

• Consumables

• Goods completed but not yet sold.

• Market demand

Match the following

• supplies replaced as they are used up.

• Spare parts

• Items required for regular maintenance.

• working capitabl

• How often stock is sold over time

• Inventory

• money available to conduct daily actvty

• 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.