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stock control - Coggle Diagram
stock control
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BUFFER STOCK
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advanatages
PRICE STABILISATION = prevent extreme price fluctuations as it helps the market to avoid shortages which would result in rapid price increases
COMP ADVANATGE = relibale supply of goods businesses gain good rep for being able to meet customer needs
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WASTE MINIMISATION
allowing waste to go unchecked = increase unit costs of production and reduce effecicney and prouctivity
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STOCK/INVENTORY
name given to the materials (partially made products and finished goods owned by a business) which have not been sold