Answers
Goods stored and available for use, sale, or distribution
Lowest acceptable stock level before reordering or emergency action.
Highest quantity of stock a business chooses to hold.
Extent to which supplied products meet required standards and specifications.
Process of finding suppliers and negotiating terms for purchasing items.
Stock control system delivering materials only when they are immediately needed.
Supplier's consistency in delivering correct goods on time and intact.
Visual tool showing maximum, minimum, reorder and buffer stock levels.
Time between placing an order and receiving its delivery.
Stock level at which a new order should be placed.
Extra emergency stock held to cover unexpected demand or delays.