Quiz: Interpreting Stock Control Diagrams
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about stock control, let's test your knowledge of interpreting stock control diagrams!
What does the 'maximum stock level' represent on a stock control diagram?
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Which of the following are key features of a stock control diagram? (Select all that apply)
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The {{blank0}} is the minimum amount of stock a business keeps to avoid running out, while the {{blank1}} is the point at which new stock is ordered.
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Match the items on the left with their correct pairs on the right
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If the re-order level is 500 units and the lead time is 5 days, what is the average daily usage if the buffer stock is 100 units?
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What is the purpose of the 'lead time' in a stock control system?
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The difference between the re-order level and the buffer stock is often referred to as the {{blank0}} level.
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Match the items on the left with their correct pairs on the right
If the lead time for stock delivery increases, what is likely to happen?
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What are possible consequences of holding too much stock? (Select all that apply)
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