Stock, Quality and JIT
Which of the 3 definitions of 'stock' applies to Amazon?
The three definitions of 'Stock' are; Raw Materials, Work-In-Progress and Finished Goods. Amazon hold finished goods where products have been completed to the right quantity.
Why would Amazon not want to hold stock if it can help it?
They would not hold stocks because it would be a waste of money to just keep it on the shelves, also because it may go out of date. Which is not good especially if no one is buying the product.
What are 2 main methods of stock management?
Stock rotation- get rid of the old stuff (maybe of sale). Or throw it out
What does a stock control chart do?
The stock stock control chart examines what is popular and what not within the company so they