Purchasing And Stock

The importance of purchasing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Purchasing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Purchasing mix ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Question 1 ,[object Object],[object Object],[object Object]

Solution ,[object Object],[object Object],[object Object],[object Object]

Definition of stock ,[object Object],[object Object],[object Object],[object Object]

Control of stock ,[object Object],[object Object],[object Object]

Storage of stock ,[object Object],[object Object],[object Object],[object Object]

Benefits and costs of centralised stock storage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Benefits and costs of decentralised stock storage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Costs of holding stock ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Careful control of stock levels can improve business performance – in some companies stock can be 30% of assets.

Question 2 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Solutions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Effective stock control ,[object Object],[object Object],[object Object],[object Object],[object Object]

Maximum (economic) stock level ,[object Object],[object Object],[object Object],[object Object]

Minimum stock level ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Re-order level ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Re-order quantity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

0 20 40 60 80 100 time STOCK LEVELS MAXIMUM (Economic) STOCK LEVEL MINIMUM STOCK LEVEL RE-ORDER QUANTITY LEAD TIME LEAD TIME RE-ORDER LEVEL

Computerised stock control ,[object Object],[object Object],[object Object],[object Object]

Costs and benefits of computerised stock control for a supermarket ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Solution ,[object Object],[object Object],[object Object]

Just-in-time (JIT) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Just-in-time (JIT) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Advantages of JIT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Disadvantages of JIT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Purchasing And Stock

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