Keywords

• Buffer stock


  Extra materials kept in case of manufacturing delays or unexpected increase in demand
• Procurement


  Forming a relationship with suppliers to buy raw materials used in production
• Supply chain

  All businesses, people, and activities involved in the production process from start to customer
• Logistics


  Movement of goods between processes in the supply chain
• maximum stock level

  largest amount of items to be store on site which is 500
• minimum stock level

  lowest amount of items to be stored on site which is 100
• Re-order level


  amount of new stock ordered which takes 2 weeks lead time to arrive
• stockpiling

  build up of large stock of goods and materials