Stock control charts

IB Business Management: Stock control charts

There are three types of stock (or inventory):An important aspect of just-in-case (JIC) is stock control. A stock control chart is a visual tool used to monitor and analyse a firm’s stock levels. It shows the rate at which stocks are used, when stocks are order, how long they take to be distributed, and when they are delivered. A stock control chart enables operations managers to make more-informed decisions about...

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