buffer inventory

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the products or supplies of an organization maintained on hand or in transit to stabilize variations in supply, demand, production, or lead time

The ultimate business dictionary. 2015.

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  • buffer inventory — See inventory …   Big dictionary of business and management

  • inventory — stock; stock in trade 1) The products or supplies of an organization on hand or in transit at any time. For a manufacturing company the types of inventory are raw materials, work in progress, and finished goods. An inventory count usually takes… …   Big dictionary of business and management

  • Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… …   Wikipedia

  • two-bin inventory procedure — An inventory control procedure in which two bins, or locations, are used to store quantities of a *raw material or product. The first bin is used for day to day use, and the second bin serves as a backup of buffer stock to avoid *stockouts in… …   Auditor's dictionary

  • Just-in-time (business) — Just in time (JIT) is an inventory strategy implemented to improve the return on investment of a business by reducing in process inventory and its associated carrying costs. In order to achieve JIT the process must have signals of what is going… …   Wikipedia

  • Theory of constraints — Part of a series of articles on Industry Manufacturing methods Batch production • Job production Continuous production Improvement method …   Wikipedia

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • Safety stock — is a term used to describe a level of stock that is maintained below the cycle stock to buffer against stock outs.Safety Stock or Buffer Stock, exists to counter uncertainties in supply and demand. [Inverntory Management Review. Charles Atkins on …   Wikipedia

  • Agriculture and Food Supplies — ▪ 2007 Introduction Bird flu reached Europe and Africa, and concerns over BSE continued to disrupt trade in beef. An international vault for seeds was under construction on an Arctic island. Stocks of important food fish species were reported… …   Universalium

  • Just in Sequence — (JIS) is an inventory strategy that is at once Just In Time and in sequence, that is, component parts arrive at a production line moments before they are needed and in the sequence in which they will be used. The manufacturing sequence signal is… …   Wikipedia


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