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Description
Flashcards by James ROBERTSON, updated more than 1 year ago
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Created by James ROBERTSON
about 5 years ago
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| Question | Answer |
| Procurement | Everything involved with buying or obtaining good and services for in a business |
| JIT stock control | When a business orders in enough stock to cover them and no excess |
| JIC stock control | when a business orders excess stock to cover extra orders |
| Lead Time | How long the time is between ordering and delivery (Years,Months,Weeks) |
| Buffer Stock | Held stock to cover the business for extra orders |
| Job Production |
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