Stock Management Activity

Match the following

• The level that stock must not fall below

• Minimum level

• Goods purchased for resale

• Just-in-time

• replacing stock just before it is needed

• Stock control

• The highest amount of stock to be kept .

• Maximum level

• controls to ensure sufficient stock

• Stock

Match the following

• reserve of various goods.

• Consumables

• Goods completed but not yet sold.

• Raw material

• input used in a manufacturing process.

• Market demand

• unauthorized collection of items.

• Pilferage

• total demand for products and services.

• Finish good

Match the following

• supplies replaced as they are used up.

• working capitabl

• How often stock is sold over time

• Stock turnover

• money available to conduct daily actvty

• Spare parts

• Items required for regular maintenance.

• Inventory

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

(a)  

What does the issue side of the stock card record?

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

(a)  

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

(a)  

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

(a)  

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

(a)