Question

Explain buffer stock and activities related to creation for buffer stock in 5marks

Answer 1

Buffer stocks are the backup stock kept for running the normal business operations in case of some unfortunate delay arises in procuring materials from vendors.

It is kept taking into account the lead time required for procuring materials from vendors. It helps in running the normal business operations smoothly due any delay caused due to any uncontrollable circumstances.

Answer 2

Buffer stocks are the backup stock kept for running the normal business operations in case of some unfortunate delay arises in procuring materials from vendors.

It is kept taking into account the lead time required for procuring materials from vendors. It helps in running the normal business operations smoothly due any delay caused due to any uncontrollable circumstances.

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