GSC 3600 Module 2

Stock of any ITEM or RESOURCE used in an organization. Not just what you sell. Also includes what you need to run the business on a day-to-day business

• Items for which demand is influenced by market conditions.
• Demand is not related to demand for other items in stock or produced.

Items that are required as components or inputs to other products or services.

Time elapsed between customer placing order and order being received by customer

Typically the order size

• Stock Keeping Unit.
• Unique identifying number used to track each unique product customers can purchase.

Pilferage, Security, Lost Items, Damaged, Obsolescence