Stock Management Activity

Match the following

• replacing stock just before it is needed

• Stock control

• Goods purchased for resale

• Minimum level

• The highest amount of stock to be kept .

• Stock

• controls to ensure sufficient stock

• Maximum level

• The level that stock must not fall below

• Just-in-time

Match the following

• unauthorized collection of items.

• Finish good

• input used in a manufacturing process.

• Market demand

• reserve of various goods.

• Consumables

• Goods completed but not yet sold.

• Raw material

• total demand for products and services.

• Pilferage

Match the following

• money available to conduct daily actvty

• Spare parts

• How often stock is sold over time

• Stock turnover

• Items required for regular maintenance.

• working capitabl

• supplies replaced as they are used up.

• Inventory

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.