Ch4 - 12 Personnel, Finance, Stock Control Flashcards
Explain two functions of a stock control system in a company.
One mark for point, one for expansion eg
maintains minimum stock levels for each product (1) so that the user knows how quickly stock is used and decides upon an appropriate time to re-order (1)
monitor and adjust re-order amounts for each product (1) depending upon how quickly stock is used(to cope with large orders) (1)
monitors the sales and stock level of each product (1) to help
the management to plan purchases for the future (1)
(automatic) reordering (1) to allow a more efficient and
profitable system (1)
keeps a track of purchase dates of goods (1) to make sure
they are sold within date (1
Describe the role of a personnel system in a company.
Describe the role of a personnel system in a company. eg
holds contact details for each employee (1) times when employees need to be contacted at home or next-of-kin in emergencies (1)
stores details of attendance (1) planned holidays or absences can be covered/considered (1)
holds salary details for each employee (1) how much the employee has been paid during their time in the company/pay rises given/deductions required (1)
to store staff qualifications (1) details of which qualifications staff had before employment/at interview and any gained since (1)
details staff training (1) courses attended to enable fulfilment of their role/holding of certain positions within the company (1)
monitors appraisal process (1) details targets set and level of completion by the individual (1)
to ensure DPA compliance (1) indicates information is due for review/has not been updated (1)
to store start date of employment, end date and date of birth (1) to notify retirement date and enhancements for number of years service/pay scales past trainee (1)
details employment checks carried out (1) (CRB and list 99 references) to ensure individuals’ safety and employability (1)
details contract type (full time, part time) (1) to ensure correct
level of pay (1)
