Quiz: Just-in-time Stock Management
Edexcel Level 3 Advanced GCE in Business (9BS0)
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Building on your knowledge of stock control systems, let's test your understanding of just-in-time (JIT) stock management: its benefits and risks.
What is the main principle of just-in-time (JIT) stock management?
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Which of the following are benefits of JIT stock management? (Select all that apply)
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JIT stock management relies on {{blank0}} delivery and efficient {{blank1}} systems.
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Match the items on the left with their correct pairs on the right
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A company orders 500 units of stock at £20 per unit. Without JIT, storage costs are £2 per unit per month. What is the total storage cost for 3 months without JIT?
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What is a key risk of using JIT stock management?
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Which factors can cause JIT to fail? (Select all that apply)
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What type of businesses are best suited to JIT stock management?
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One risk of JIT is a disruption in the supply chain, which can lead to {{blank0}} and missed {{blank1}}.
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Match the items on the left with their correct pairs on the right
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