Study with quizlet and memorise flashcards containing terms like what is jit, adv of jit, what is jic and others. Learn more about what stock is, inventory storage and warehousing, and inventory management. Stock is any item stored by a business for use in production or. Stock is any item stored by a business for use in production or sales. Raw materials and components waiting to be used in the manufacturing process, eg tyres.
Stock refers to products that the business has produced but have not been sold. Storage costs, depreciation costs,. Study with quizlet and memorize flashcards containing terms like what is managing stock?, what are examples of managing stock?, what is maximum stock levels?