Stock Control - Starter Activity

• Business Studies
• Further Education (Key Stage 5)

Stock Control - Let's Start

Are you excited to learn about STOCK CONTROL today?

Yes!! It sounds really interesting

Not really, but may be I will learn something new !

CONNECT

Identify the Word

Answer

Raw Materials 

CONNECT

Identify the Word

Answer

Semi-finished Goods

CONNECT

Identify the Word

Answer

Finished Goods 

What is Stock ?
Type down your thoughts?

What is a Stock?

Connect the pictures and identify the keyword

What best fits the term Stock Control?

1. Control of flow of Stock
2. Control of ordering of Stock
3. Control of management of Stock
4. Control of receipt of Stock

Name the variable plotted on the X-axis?

1. Stock Level
2. Time
3. Units
4. Quantity

Name the factors influencing Stock Control

1. Demand
2. Type of Stock
3. Lead Time
4. All of these

Guess What?????

"Longer it is, the Higher the minimum Stock level needed"

1. Minimum Time
2. Lead Time
3. Maximum Time
4. Average Time

Guess What???

"Amount of Stock ordered when a new order is placed"

1. Minimum Quantity
2. Average Quantity
3. Maximum Quantity
4. Re-order quantity

Guess What????

"Amount of Stock held to meet a sudden shortage/increase in demand"

1. Average Stock
2. Minimum Stock
3. Maximum Stock
4. Buffer Stock

Which is a Stock Control System?

1. Just in Later
2. Justin Timberlake
3. Just in Time
4. Just be in Time

Which is the traditional stock control system among the following?

1. Just in Time
2. Just in Case
3. Just in Take
4. All of these

Disadvantage of Over stocking is .............

1. Production Halt
2. Decreased sales
3. No Customer Loyalty
4. High storage and labour costs

Who invented Just in Time concept?

1. Chinese
2. Japanese
3. Asians
4. Egyptians

Lead time refers to time in between

1. Raw materials extracted </p>
2. Through the production line
3. Order processed and delivered
4. None of the above

Using JIT, supplies are delivered directly to the factory .............

1. Every week
2. Every month
3. When needed
4. When expected

Just in Time saves costs of ---------

1. Building
2. Maintaining
3. Securing
4. Delivery

Which of these business's are most likely to adopt "JIT" ?

1. A supermarket.
2. A car manufacturer.
3. A hairdresser.
4. A hospital.

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