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Discuss how stock control and quality control achieve efficiencies for a business such as M6 Motors - Leaving Cert Business - Question B - 2022
Question B
Discuss how stock control and quality control achieve efficiencies for a business such as M6 Motors. Stock Control A business needs to control its stock to ensure i... show full transcript
Worked Solution & Example Answer:Discuss how stock control and quality control achieve efficiencies for a business such as M6 Motors - Leaving Cert Business - Question B - 2022
Step 1
Discuss how stock control achieves efficiencies for M6 motors.
Answer
Stock control ensures that M6 Motors maintains optimum stock levels. This avoids having excess stock that could lead to obsolescence and increases costs due to storage and insurance. By having the right amount of stock, M6 Motors can meet customer demand without risking tied-up capital.
Step 2
Discuss how quality control achieves efficiencies for M6 motors.
Answer
Quality control ensures that M6 Motors' products meet the required standards, enhancing customer satisfaction. This process can involve appointing a Quality Controller and conducting regular inspections. Implementing effective quality control can lead to consistency in products, which can ultimately result in customer loyalty and opportunities for awards like Q mark or ISO9000.