Managing stock and quality 3.0 / 5 based on 1 rating ? Business StudiesStock And QualityGCSEEdexcel Created by: sarahcollinsxoCreated on: 23-01-14 17:41 Stock Raw materials, works in progress and finished products 1 of 8 Maximum Stock Level This is the most stock that a firm is able or willing to hold 2 of 8 Just In Time Stock Control A stock management system where stock is delivered only when it is needed 3 of 8 Minimum Stock Level If stock falls below this level then the firm is in danger of running out of supplies 4 of 8 Quality Meeting customers' needs by creating high standard products 5 of 8 Quality Control Where finished products are checked by inspectors to see if they meet the set standard 6 of 8 Quality Assurance Where staff checks every product at every stage for a certain standard 7 of 8 Total Quality Management (TQM) Where managers persuade employees to care about how products are made and to ensure standards are met 8 of 8
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