Most businesses hold stocks, these stocks are from three main types these are
- Materials which have been brought from other companies.
- Materials which have been semi-finished by the producer.
- Finished goods which have been made and are ready to go strait to the customers
One way many people use to manage their stock is to set a maximum, minumum and re-order levels of stock. This is called 'just in case' method of stock control the diogram below is called a bar gate stock graph…