Managing stock GCSE business unit 3

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  • Created by: priya
  • Created on: 22-03-13 12:38
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  • Managing stock
    • Stock - Materials that a business holds.
    • Just in time - A stock managment where stocks are only delivered when they are needed.
    • Re-order level - The amount of stock held by a business at which an order for new stock is placed with a supplier.
    • Buffer stock level - The lowest amount of stock to be held by a busienss.
  • Minimum stock level - The highest amount of stock held by a business.
    • Managing stock
      • Stock - Materials that a business holds.
      • Just in time - A stock managment where stocks are only delivered when they are needed.
      • Re-order level - The amount of stock held by a business at which an order for new stock is placed with a supplier.
      • Buffer stock level - The lowest amount of stock to be held by a busienss.

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