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two-bin system (business) -- Britannica Online Encyclopedia
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two-bin system

 business

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  • method of inventory control ( in operations research (industrial engineering): Inventory control )

    Inventory control is concerned with two questions: when to replenish the store and by how much. There are two main control systems. The two-bin system (sometimes called the min-max system) involves the use of two bins, either physically or on paper. The first bin is intended for supplying current demand and the second for satisfying demand...

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"two-bin system." Encyclopædia Britannica. 2009. Encyclopædia Britannica Online. 10 Apr. 2009 <http://www.britannica.com/EBchecked/topic/611186/two-bin-system>.

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two-bin system. (2009). In Encyclopædia Britannica. Retrieved April 10, 2009, from Encyclopædia Britannica Online: http://www.britannica.com/EBchecked/topic/611186/two-bin-system

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