Stock control & Supply chain

Which level shows the line in the middle?

The minimum point of the total cost or EOQ is the amount that should be ordered for a given time period, and stands for...

Which two sets of costs are combined to obtain the EOQ?

The minimum stock level to ensure production and fulfilling demand (we should never go lower)

This system prove to be inflexible in trying to cope with a sudden increase in demand. JIC ir JIT?

WHich is the amount of buffer stock?

What shows the vertical arrow?

It enables a business to take advantage of purchasing economies of scale (from bulk buying raw materials and components for production). JIT or JIC?

Cash-flow levels, possibilities of trade credit, enough finances to bulk buying... what are these regarding stock control?

As cash is not tied up in stocks, working capital can be better used elsewhere, thereby improving the firm's cash flow position. JIT or JIC?

Means that all stock is stored ready to use. There is no delivery issue and no waiting time for customers. JIT or JIC?

In stock control, what is Lead Time?

Reduces the chance of holding stock that cannot be sold (eg obsolescent stock) JIC or JIT?

It is basic to ensure the good functioning of the supply chain, aiming at a balance between reducing costs and avoiding supply chain problems

The supply chain connects these four elements