Stock control

Subdecks (5)

Cards (26)

  • What is stock control
    The system used to ensure that the business always has sufficient stock available to meet customer requirements
  • What are re - order levels
    The minimum amount of stock that a business will hold before it re-orders from its suppliers - Will vary from business to business
  • What are re-order quantities
    The amount of stock and raw materials that a business orders from its suppliers each time it reaches its re-order levels
  • What are buffer stocks
    The minimum stock level which will be held by a business to meet any unexpected occurrences