1) Many organisations hold their stock details on a computer database or spreadsheet a) INTELLIGENT STOCK CONTROL b) JUST IN TIME PRODUCTION c) COMPUTERISED STOCK CONTROL 2) As each item is scanned, it is taken from the recorded stock level which allows managers to check levels of stock for each item a) COMPUTERISED STOCK CONTROL b) JUST IN TIME PRODUCTION c) INTELLIGENT STOCK CONTROL 3) Stock is ordered and arrives just in time to be used in production a) INTELLIGENT STOCK CONTROL b) JUST IN TIME PRODUCTION c) COMPUTERISED STOCK CONTROL 4) These are programmed to order more stock when the re-order level is reached a) JUST IN TIME PRODUCTION b) INTELLIGENT STOCK CONTROL c) COMPUTERISED STOCK CONTROL 5) Goods are not produced unless the firm has an order from a customer a) INTELLIGENT STOCK CONTROL b) JUST IN TIME PRODUCTION c) COMPUTERISED STOCK CONTROL 6) As each item is scanned, it is taken from the recorded stock level which allows managers to check levels of stock for each item a) INTELLIGENT STOCK CONTROL b) JUST IN TIME PRODUCTION c) COMPUTERISED STOCK CONTROL 7) OVERSTOCKING a) means the organisation has ordered too much stock and now may have nowhere to store it. b) is where an organisation may not have ordered enough stock and will not be able to meet demands placed 8) UNDERSTOCKING a) is where an organisation may not have ordered enough stock and will not be able to meet demands placed b) means the organisation has ordered too much stock and now may have nowhere to store it.

Managing stock control

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