1. Describe the FIFO principle. 2. Explain how regular inventory checks can support rock rotation and replenishment. 3. Describe the product life cycle (PLC) and cover the four stages in your answer. 4. What is meant by the term slow-moving item? 5. List four reasons why an item may become a slow-moving item. 6. List two ways that you can check for slow-moving items. 7. Segregation of food items and non-food items reduces the risk of contamination. List three strategies you can apply to ensure these items remain segregated. 8. Describe each of the following inventory systems: a) Ledger inventory system b) Integrated point-of-sale system 9. List the key procedures involved in ordering stock. Briefly explain what happens at each stage. 10. List two ways that an order for stock may be made. 11. List four pieces of information you would expect to see in a loss/wastage log or report. 12. Why is it important to ensure that loss and wastage of items is reflected in the inventory system? 13. Outline three procedures that can be used to reduce the risk of loss and wastage. 14. Explain the purpose of stock level reports. 15. Explain the purpose of stock movement