1. Stock Control Revision

2. Revision Points
What is Stock
Key Terms
Stock control charts
JIT

3. What is stock?
Stock is made up of THREE things. What are they?

4. Key Terms Units Maximum stock level Minimum stock level Re-order level
Re-order quantity
Lead time
Buffer stock

5. Stock control charts
Draw a stock control chart and label it with the key terms
Hint: Think carefully about how you draw the line to indicate the stock level

6. JIT
What does JIT stand for?

7. JIT What is the difference between Just in Time and Just in Case?
What types of businesses might use each one?
Draw a JIT stock line on your chart