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business > 2.3.2 working with suppliers > Flashcards

2.3.2 working with suppliers Flashcards

1
Q

buffer stock definition

A

buying more supplies than needed

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2
Q

buffer stock advantage

A

spare product if things go wrong

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3
Q

buffer stock disadvantage

A

storage more expensive

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4
Q

just in time definition

A

receiving stock from suppliers just before its needed

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5
Q

just in time advantages

A

stock will be fresh

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6
Q

just in time disadvantages

A

requires reliable suppliers

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7
Q
A
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business (3 decks)

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