Stock Management Activity

Match the following

• controls to ensure sufficient stock

• Just-in-time

• The level that stock must not fall below

• Stock

• replacing stock just before it is needed

• Minimum level

• Goods purchased for resale

• Stock control

• The highest amount of stock to be kept .

• Maximum level

Match the following

• unauthorized collection of items.

• Consumables

• reserve of various goods.

• Raw material

• input used in a manufacturing process.

• Market demand

• total demand for products and services.

• Finish good

• Goods completed but not yet sold.

• Pilferage

Match the following

• Items required for regular maintenance.

• working capitabl

• money available to conduct daily actvty

• Inventory

• supplies replaced as they are used up.

• Spare parts

• How often stock is sold over time

• Stock turnover

What is the Item of stock that the record relates to?

What does the issue side of the stock card record?

What arithmetic operation is carried out on stock when stock is received?

To which department is the stock issued on the 2nd September?

What is the name and number of the document to which the issue relates on September 2?

The balance of stock is updated after each transaction, what type of balance (inventory system) is being maintained.