Stock and Stock Levels

Stock

Stock can be three different forms: raw materials, work-in-progress, and finished goods, which will be waiting to be sent of to customers.

Stock Levels

Stock can be done manually and also be done through a computerised system. You can record it electronically using spreadsheet or a database so it’s easier to record if you want to change the information.

Maximum Stock Level

This permits the stock level for activities to go without interruption but incurs the minimum cost for the level.


Minimum Stock Level

This ensures that there will be always stock available for production, allowing for ordering and delivery times.

Re-order Level

This is the level which new stock should be ordered. This usually woks out for the amount used per day plus lead time.

by Int 2 Pupils, Saint Roch's Secondary