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13 cards from this deck
Controlling materials & products for efficiency & effectiveness
Raw materials, work-in-progress items, finished goods
Highest amount of stock a business can or wants to hold
Stock level that triggers a new order
Lowest stock level maintained as a safety net
Saw-tooth pattern
Materials arrive exactly when needed for production
Strong supplier relationships, organised production, consistent demand
Unexpected demand increases can be met immediately
Cost advantages from supplier discounts
No expenses for storage facilities & stock management
Less chance of theft, damage, or obsolescence
Balance meeting demand whilst controlling inventory costs
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