Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
What is the responsibility of the designated personnel and manager in the purchase stock analysis procedure?
What is the responsibility of the designated personnel and manager in the purchase stock analysis procedure?
- To follow the SOP and approve the stock analysis report, respectively (correct)
- To finalize formulation and packing at the manufacturing site
- To plan purchase orders for existing and new products
- To check sales projections before placing an order with the manufacturer
How often is stock analysis done for existing products?
How often is stock analysis done for existing products?
- Weekly
- Yearly
- Quarterly
- Monthly (correct)
What do the abbreviations SOP and PO stand for in the text?
What do the abbreviations SOP and PO stand for in the text?
- Standard Operating Planning and Packing Order
- Standard Operating Procedure and Purchase Order (correct)
- Sales Order Planning and Packing Order
- Stock Order Planning and Purchase Order
Flashcards are hidden until you start studying
Study Notes
- The objective is to describe the procedure for purchase stock analysis.
- The SOP applies to Brinton Pharmaceuticals Limited and Brinton Healthcare Limited.
- The responsibility falls on the designated purchase personnel and manager for following the SOP and approving the stock analysis report, respectively.
- The procedure includes purchase order planning for existing and new products.
- For existing products, stock analysis is done monthly and compared to the average sale.
- Purchase orders are planned based on MOQ and confirmed rates.
- For new products, formulation and packing are finalized at the manufacturing site.
- Sales projections are checked before placing an order with the manufacturer.
- The SOP references an in-house procedure.
- Abbreviations used include SOP for Standard Operating Procedure and PO for Purchase Order.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
