Stock Management, 'Just in Time' and Quality Control - How do they all tie together?

First, let's look at a places where stock levels, 'just in time' and quality matter most...

Use a new 'tackk' to answer the questions below...

  1. Which of the 3 definitions of ‘stock’ applies to Amazon? (slide 1)
  2. Why would Amazon not want to hold stock if it can help it? (slide 1)
  3. What are the 2 main methods of stock management? (slide 2)
  4. What does a stock control chart do? (slide 3)
  5. Put a picture of a stock control chart in your tackk (slide 4)
  6. What is ‘Just in Time’? (slide 5)
  7. Why would BMW use ‘just in time’? (slide 5)
  8. What is Quality? (slide 6)
  9. Identify 5 examples of poor quality (slide 6)
  10. What are the costs of poor quality? (slide 7)
  11. What is Quality control? (slide 8)
  12. What is Quality Assurance? (slide 9)
  13. What is Total Quality Management? (slide 10)

While you are working through this...some food for thought...

Part 2 - Let's get practical

For fun...

What did you learn about 'Stock Management' and 'Just in Time' from this exercise?

Double check your learning with the following data capture sheet and differentiation challenges...