Refreshed and updated PowerPoint resources aimed at assisting teachers with the delivery of the Cambridge International A-level Business specification. These slides are designed to support the delivery of 4.2 Inventory Management. The presentation starts with an examination of the purpose of inventory (raw materials, work-in-progress and finished goods), before then considering the costs and benefits to a business of holding inventory. It then examines simple inventory control charts, including a look at buffer levels, lead times and re-order levels. The importance of supply chain management (SCM) is then analysed in detail before it moves on to consider the impact and implications for a business of both just in time (JIT) and just in case (JIC) inventory management systems. The slides contain the Quick Fire Five questions and also a practice essay (both with solutions).
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