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PURCHASING & STCOK Operations
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
Question 3 ,[object Object],[object Object],[object Object]
Solution ,[object Object],[object Object],[object Object],[object Object]
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]
Question 4 ,[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]
Question 5 ,[object Object],[object Object],[object Object]
Solution ,[object Object],[object Object],[object Object],[object Object]

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Purchasing & Stock Slides

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  • 20. 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
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