5.6 - Production Planning Flashcards
1
Q
what are the components of a stock control chart
A
- maximum stock level
- minumum stock level
- lead time
- reorder level
- buffer stock (safety stock)
2
Q
what is a supply chain
A
the process and route needed to bring a product from a supplier to a consumer
3
Q
Just in case production definition
A
when a business creates extra products and holds it as stock
4
Q
Just in time production
A
when a business only produces products when they are ordered
5
Q
A
