INTERACTIVE VIDEO

Get ready to explore the world of business with this interactive video. Once launched, you'll dive into interactive activities, master case study analysis, and challenge your knowledge with a multiple-choice quiz
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OVERVIEW

Do you want to know more about the strategies businesses use to manage their stock? In this interactive video, we'll take a closer look at two different methods of stock management: Just in Case and Just in Time. Both methods have their advantages and disadvantages, but which one is better suited to a particular business?

We'll follow Simon and Jasmin, Procurement Managers from rival supermarkets, as they explain their approach to stock management. Simon believes in the Just in Case method, which involves holding large amounts of stock to ensure a business never runs out of inventory. Meanwhile, Jasmin favours the Just in Time method, which involves keeping minimal stock and receiving frequent deliveries to restock.

By the end of the video, you'll have a solid understanding of the benefits and drawbacks of each method, and you'll be better equipped to make an informed decision about which approach to adopt in your own business in the future. So get ready to learn about the world of stock management and find the best way to keep your business running smoothly!

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  • DETAILED EXPLAINER VIDEO
  • 10 QUESTION MULTIPLE-CHOICE QUIZ
  • 6 INTERACTIVE ACTIVITIES
  • INTERACTIVE CASE STUDY
  • SUPPORTING STUDENT WORKSHEETS

CASE STUDY ANALYSIS
TOILET ROLL TROUBLE

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  • The interactive case study explores the panic buying surge in the UK during the early stages of the Covid-19 pandemic outbreak in March 2020. With individuals concerned about a national lockdown, panic buying led to shortages of basic items such as toilet rolls, with supermarkets unable to keep up with the demand due to their just-in-time delivery model. Sales of toilet rolls during March increased by around 60%, but supermarkets potentially lost out on significant sales.

Teacher Resources

Below you can find a range of teaching resources, from printable PDFs to Google Forms, along with an uninterrupted video to play to the entire class.

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