3.2. The role of procurement GCSE Business AQA

What type of economies of scale are achieved when a business buys in bulk?

Clothing retailers often use a JIC approach.

An ineffective supply chain can cost a business money.

Reducing unit costs can save a business money.

A stock control method where businesses do not store any stock is called...

What is the process of selecting suppliers, managing ordering, creating payment terms & negotiating contracts called?

Which of the following is a disadvantage of JIC stock management?

Supermarkets often use a just-in-time approach.

Which of the following is NOT a factor affecting choice of suppliers?

Which of the following is NOT an advantage of JIT stock management?

Which TWO of the following are features of a JIC approach to stock management?

Effective communication ensures that...

The process of managing how resources are procured, stored and transported to their final location is called...