Topic study hub
Managing inventory and supply chains
Students interpret inventory control charts and assess supply chain choices.
0
Objectives
10
Flashcards
10
Questions
90 min
Study time
AqaA LevelBusinessOperational management
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Syllabus checklist
What you need to know
0 objective pages available
Matching supply to demand2 objectives
- Explain how businesses manage supply to match demand and the value of doing so.
- Analyse outsourcing, temporary employees, part-time employees and producing to order as ways of matching supply to demand.
Inventory and supply chains2 objectives
- Interpret inventory control charts including lead time, reorder levels, buffer inventory and reorder quantities.
- Evaluate influences on supplier choice, supply chain management and the value of outsourcing.
Key terms
Matching supply to demandsupplydemandInventory and supply chainsinventory controllead timesupply chainInventory and supply chains decision
Exam tips
- Matching supply to demand exam tip 1: Write the method before the answer so the examiner can follow each step. Apply this to explain how businesses manage supply to match demand and the value of doing so..
- Matching supply to demand exam tip 2: State the exact concept or formula you are using before substituting values. Apply this to explain how businesses manage supply to match demand and the value of doing so..
Common mistakes
- Matching supply to demand common mistake 1: Show the method first, then give the final answer in the required form. Apply this directly to Matching supply to demand.
- Matching supply to demand common mistake 2: Name the relevant value or feature from the question and explain how it is used. Apply this directly to Matching supply to demand.
Practice preview
- Explain how you would explain how businesses manage supply to match demand and the value of doing so. in the context of Managing inventory and supply chains.
- Describe one business decision or mechanism that helps you explain how businesses manage supply to match demand and the value of doing so..
- Explain how you would analyse outsourcing, temporary employees, part-time employees and producing to order as ways of matching supply to demand. in the context of Managing inventory and supply chains.
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