Just in case and Just in time: Difference between pages

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(JIC).  
(JIT). Just-in-time stock management has the aim of eliminating, as far as possible all stocks.
 
It does this by ensuring that nothing is bought, made or processed at any stage in the production line before it is needed.
Just-in-case stock management is a modified version of Just-in-time stock management.
 
Where Just-in-time would result in a zero or negligible stock holding level, a Just-in-case approach adds an appropriate additional safety holding, to protect against a supplier's potential (unexpected) inability to deliver stock as required.
 


== See also ==
== See also ==
* [[Economic order quantity]]
* [[Inventory management]]
* [[Inventory management]]
* [[Just in time]]
* [[Just in case]]
* [[Stock]]
* [[Stock]]


[[Category:The_business_context]]
[[Category:Manage_risks]]

Revision as of 14:19, 23 October 2012

(JIT). Just-in-time stock management has the aim of eliminating, as far as possible all stocks. It does this by ensuring that nothing is bought, made or processed at any stage in the production line before it is needed.

See also