Maximum Stock Level - This is the most amount of inventory that should be held., Minimum Stock Level - This is the least amount of inventory that should be held., Re-order Level - The level at which stock is re-ordered to allow production to continue., Re-order Quantity - The amount of stock which is ordered at the re-order level to prevent running out of stock., Lead Time - This is the time taken between an order being placed and stock arriving., Inputs - These are the resources and materials which are purchased from suppliers to be used in production., Process - This involves using machinery and/or labour to turn inputs into a finished product., Outputs - This is the final product which is distributed to customers., Operations - This is the department within a business which is responsible for producing a product.,

Inventory Management

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