PART B

Section 1 Principles of stock control

1.1 What is stock rotation, and why should it happen?

1.2 Define stock replenishment?

1.3 How does the storage of products affect its life span?

1.4 What are the 4 stages of product life cycle and what does it help business with?

1.5 Outline 5 tips for identifying and addressing slow-moving inventory

1.6 How would you determine the minimum stock level for an item? Provide 4 examples

1.7 Outline 5 tips for identifying and addressing slow moving inventory.

1.8 Scenario: A large order of both fresh and dried herbs has just arrived. This includes purple sage, dried tarragon, fresh bay leaves, 5 bags of ground coriander, turmeric and cumin. There is also a large bottle of fresh green peppercorns in brine, but this has toppled and cracked. A second delivery arrives at the same time with cleaning chemicals, and a 25 litre drum of dishwashing powder.

What would you do?