Font size
Worksheets2.3.2 - Working with suppliers (Part A)
Total questions: 13
Worksheet time: 7mins
Which of the following best describes the term, just in time (JIT) stock control?
The stock which a business holds
A diagram which shows business stock levels and usage over time
A system whereby stock arrives only when it is needed by the business
The minimum amount of stock that a business holds at any one time
Which of the following is a drawback to a business of using just in time (JIT) stock control?
High insurance costs
Stock could become out of date or obsolete
Storage costs will be high
Delays in deliveries could result in idle resources
Which of the following businesses is most likely to operate a just in time (JIT) stock control system?
Car manufacturer
Nationwide footwear retailer
Wholesaler of building supplies
School uniform retailer
Which of the following factors would a café, which prides itself on the sale of ethically sourced products, consider the most important when choosing its suppliers?
Cost
Delivery
Availability
Trust
Which of the following terms best describes the process of choosing a supplier, agreeing what to buy, at what price and by when?
Just in time (JIT) stock control
Logistics
Stock control
Procurement
Which of the following statements is true in relation to the bar gate stock graph below?
The business experienced a stock out in month one
The maximum stock level the business wishes to hold is 4 cartridges
The lead time for each delivery is always two months
D The re-order quantity in month two is 6 cartridges
On a bar gate stock graph, which of the following terms describes the size of an order that is delivered to a business at a set moment in time?
Maximum stock level
Re-order quantity
Minimum stock level
Re-order level
Which of the following job roles would be found within the logistics department for a large supermarket chain?
Customer services manager
Warehouse manager
Retail manager
Human resources manager
Which of the following areas of business is most likely to be responsible for ensuring customer deliveries arrive on time?
Production
Sales
Customer services
Logistics
Which of the following terms describes the time difference between a business ordering and receiving stock?
Re-order quantity
Lead time
Buffer stock
Re-order level
Which of the following best describes the term, logistics? Ensuring the…
Correct supplies are ordered, stored and delivered on time
Cheapest supplies are purchased
Highest quality supplies are purchased and delivered
Most reliable supplier is chosen
Which two of the following are most likely to occur when a business introduces just in time (JIT) stock control?
Lower stock holding
An increase in obsolete stock
More frequent deliveries
A build-up of unsold stock
Increased storage space is required
When choosing a new supplier, which two of the following would be the most important factors for a discount supermarket to consider if it is currently experiencing delays in delivery?
Quality
Cost
Reliability
Availability
Payment terms
