Page 33 - 8025 - Controlling and locating stock Learner Guide.docx

ADVANCED

RISK MA
In a computerized system, the balance available will be updated automatically when you
enter new stock.

Example of a completed stock card.

Activity 1

Explain the importance of stock level maintenance in a service driven industry.

Explain the following:
 Maximum stock level

 Minimum stock level
 Re-ordering level

 Hastening level
Explain the difference between “JIT”, and scheduled orders

__________________________________________________________________________________ 30
©Global Maritime Legal Solutions (GMLS) Version 1_2018

THIS IS ACCREDITED MATERIAL THAT IS COPYRIGHTED TO GMLS AND AS SUCH SHOULD NOT BE COPIED OR DISTRIBUTED WITHOUT THE EXPRESS
WRITTEN PERMISSION FROM GMLS MANAGEMENT