Maximum Inventory Level - Highest amount of inventory a business can hold at any one time , Minimum Inventory Level - Lowest amount of inventory a business can hold at any one time, Re-order Level - The level at which more inventory needs to be ordered , Re-order Quantity - The amount of inventory to be re-ordered to bring inventory back up to maximum inventory level, Lead time - Time from ordering the product until it is delivered, Buffer stock  - Reserve quantity kept (just in case), Just-in-Time - Only ordering what you need/only purchasing when an order is put in , Centralised Warehouse - One central warehouse where all inventory is kept , Decentralised Warehouse - Inventory is kept in different areas/warehouses, EPOS - Can automatically re-order inventory ,

Inventory Management

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