Answers
Confidence that a supplier will act honestly and keep to agreed prices and standards.
A chart showing how much stock a business holds over time, and when orders are placed and delivered.
The largest quantity of goods a business is willing to keep in storage at any one time.
The standard of the materials provided, which must be good enough to meet customer expectations.
The period between placing an order for goods and receiving them from a supplier.
The lowest quantity of stock a business plans to keep, below which levels should not normally fall.
Extra goods kept in reserve so that production or sales can continue if supplies are delayed.
A system where materials arrive only as they are needed for production, so little is held in storage.
Whether a supplier can provide the goods a business needs at the time they are required.
How consistently a supplier provides the correct goods at the agreed time, so production is not delayed.
How well a business meets what buyers expect, which falls when products are unavailable or arrive late.
The stock level that triggers a new order to be placed with a supplier.
The movement and storage of goods along the supply chain through to the final customer.
The process of finding suppliers and agreeing terms to obtain the goods or services a business needs.
The view customers and others hold of a company, which can be damaged by late or poor supplies.