Inventory management

4.2

What the syllabus asks of you

Managing inventory: the purpose of inventory within a business (raw materials, work in progress, finished products)
Managing inventory: the costs and benefits of holding inventory
Managing inventory: buffer inventory, re-order level and lead time
Managing inventory: interpretation of simple inventory control charts
Managing inventory: the importance of Supply Chain Management
Just in Time (JIT): the purpose of JIT and JIC (Just in Case) inventory management
Just in Time (JIT): the impact of adopting a JIT approach on a business

Drill this topic

All 15 questions on Inventory management, untimed — answer on paper, then mark yourself against the mark scheme.

Start drill →

Make a worksheet

Choose the years and how many questions, then print it with the answers on separate pages.

Make a worksheet →

15 questions

These are structured questions, answered in working rather than by picking an option, so they are not listed here one by one. The drill above puts each in front of you with its mark scheme to check against.