Stock Control Flashcards
1
Q
Buffer stocks
A
Stocks held as a precaution to cope with unforeseen demand
2
Q
Kanban
A
A card or an object that acts as a signal to move resources in a factory
3
Q
Lead time
A
The time between placing the order and receiving the order
4
Q
Reorder level
A
The level of current stocks when new orders are placed
5
Q
Re-order quantity
A
The amount of stock ordered when the order is placed
6
Q
Stock rotation
A
The flow of stock in and out of storage
7
Q
Work in progress
A
Partly finished goods
