![]() Re-order lead time - allows for the time between placing an order and receiving it.Įconomic Order Quantity (EOQ) - a standard formula used to arrive at a balance between holding too much or too little stock. These methods can be used alongside other processes to refine the stock control system. There is a risk of running out of stock, so you need to be confident that your suppliers can deliver on demand. Items are delivered when they are needed and used immediately. Just In Time (JIT) - this aims to reduce costs by cutting stock to a minimum. At every review you place an order to return stocks to a predetermined level.
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