Teachers' Guide: Purchasing

The theory section covers the following theories:

• stock control systems
• the role of the purchasing department
• costs of holding stocks

The worksheets are on the following topics:

1. holding stocks - costs of stock holding, stock control systems and effect on financial statements
2. stakeholding

The photos and questions are on:

1. costs of holding stocks, stock control and purchasing skills
2. layout of stocks and effect on financial statements

The further work looks at:

• centralised and de-centralised purchasing
• computerised stock control
• quality control