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Business Operations

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Definitions for all key terms in this topic
James ROBERTSON
Fichas por James ROBERTSON, actualizado hace más de 1 año
James ROBERTSON
Creado por James ROBERTSON hace más de 5 años
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Pregunta Respuesta
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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