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\nManaging Stock with Stock Graphs and Just-in-Time Production Systems\n

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\nThis video provides an overview of how businesses manage their stock using a stock graph, also known as a Bargate stock graph. The presenter begins by explaining the importance of stock management in meeting customer demand and providing...\nThis video provides an overview of how businesses manage their stock using a stock graph, also known as a Bargate stock graph. The presenter begins by explaining the importance of stock management in meeting customer demand and providing a case study of Sony's stock management issue during the launch of their PS5 console. The video goes on to explain the components of a stock graph, including minimum and maximum stock levels and reorder levels. It also covers lead time, which is the time it takes for new stock to be delivered to the business, and just-in-time (JIT) production systems, which aim to minimize stock and reduce waste.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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12:15
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Business\n\n
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Date
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2019
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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business, raw materials, demand, time
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Additional Tags

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gcse, theme, module, 3.2.1, managing, stock, stock level, stock graph, huge disruption, reorder level, unexpected costs, trigger point, reorder stock, buffer stock, lead time, meet demand, stock means, wrong, amount, point, goods, significantly, change, meet, important, console, sony, idle, firm, understanding, axis, replenish
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Managing Stock with Stock Graphs and Just-in-Time Production Systems\" href=\"/subscription/new\">\"Managing\n\n
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