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 or provide resources in a factory
3
Q
lead time
A
the time between placing the order and the delivery of goods
4
Q
re-order level
A
the level of current stock when new orders are placed
5
Q
re-order quantity
A
the amount of stock ordered when an order is placed
6
Q
stock rotation
A
the flow of stock into and out of storage
7
Q
work-in-progress
A
partly finished goods
