AQA Business - Managing Inventory and Supply Chains
A new range of materials aimed at supporting teachers of the AQA A Level in Business. This presentation is designed to cover the topic of managing inventory and supply chains. The presentation considers ways and value of improving flexibility, speed of response and dependability and focuses upon the concept of mass customisation. It then considers how best to manage supply so that it matches up with levels of demand for goods and examines outsourcing, the use of temporary and part-time employees and producing goods to order. The presentation also examines the key influences acting upon the inventory levels of a firm and includes an interpretation of inventory control charts (stock control charts), lead times, re-order levels and buffer stocks. It concludes with an assessment of the influences on the choices of suppliers and how to manage the supply chain effectively and the value of this to a business. The pack contains the Quick Fire Five knowledge questions, a short objective test, a practice calculation activity and an essay question all complete with suggested answers.