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SingaporeBusiness StudiesQuick questions
Operations Management
Quick questions on Inventory and supply chain management explained: O-Level Business Studies
5short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What are stock control levels?Show answer
A simple stock-control system uses key levels:
What are choosing reliable suppliers?Show answer
A good supplier matters for cost and reliability. Firms judge suppliers on:
What is q1?Show answer
Define the term buffer stock. [2 marks]
What is q2?Show answer
State two benefits to a business of using a just-in-time stock system. [2 marks]
What is q3?Show answer
Explain one reason why choosing a reliable supplier is important for a business using just-in-time. [4 marks]
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