ZIMSEC O-Level Business Enterprise and Skills
7.8.5Purchasing; inventory management
Purchasing; inventory management in ZIMSEC O-Level Business Enterprise and Skills: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic20 practice questions1 lesson
Overview
Form 3: the purchasing function and cycle, e-purchasing, types of inventory and the costs and benefits of holding inventory.
Learning objectives
What the syllabus expects you to be able to do.
- 7.8.5.1Explain the importance of the purchasing function and identify the five rights of purchasing.
- 7.8.5.2Explain the stages of the purchasing cycle and the role of e-purchasing.
- 7.8.5.3Describe inventory management and the advantages and disadvantages of holding inventory.
Lessons
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Purchasing and inventory management
35 min
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Sample question
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