two-bin system

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two-bin system

business

Also known as: min-max system

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operations research
Inventory control
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 during the replenishment period. When the stock in the first bin is…
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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 during the replenishment period. When the stock in the first bin is…
Read More