Stock, Quality and JIT
What stock does Amazon hold
Why would Amazon not want to hold stock
- In case of their stock getting stolen.
- The stock may go out of date
The two main methods of stock management
- Stock rotation
- Stock wastage
What does a stock control graph do
- It shows a business where there stock levels are at such as if it was to low and they had to order more or it is at the right amount so they can leave it.
What is JIT (Just In Time)
- JIT is when the stock gets delivered before the stock levels get to low so they receive it Just In Time.