3.3.2 The role of procurement
Managing stock:
|
Factors affecting choice of suppliers including:
|
The effects of procurement and logistics on a business, including:
|
You should be able to evaluate the use of managing stock using JIT to a given business.
You should recognise that the benefits of reduced costs must be balanced against the cost of more frequent deliveries and lost purchasing economies of scale. The benefits of having spare stock to satisfy demand balanced against the cost of holding buffer stock. You will not be asked to draw or interpret stock control charts. |
You should be able to analyse the factors that affect the choice of supplier for a given business.
|
You should understand what procurement and logistics are and their effect on a business.
You should recognise that the benefits of reduced costs must be balanced against the quality of service. You should understand what a supply chain is and recognise the benefits of managing an effective supply chain. |
Christmas last delivery times - Stock Control
JIT with car seat covers
BBC Bitesize on JIT - Recap Quiz
Stock Control at Amazon
Difference between Procurement and Logistics - McDonald's supply chain - Video on Fair Trade Footballs - Supply and Procurement - Opito
Skill OneSed ut perspiciatis unde omnis iste natus error sit voluptatem accusant doloremque laudantium, totam rem.
|
Skill TwoSed ut perspiciatis unde omnis iste natus error sit voluptatem accusant doloremque laudantium, totam rem.
|
Skill ThreeSed ut perspiciatis unde omnis iste natus error sit voluptatem accusant doloremque laudantium, totam rem.
|