Just in case and Transposition error: Difference between pages

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(JIC).  
1.
A simple error of data entry when two digits in a number are reversed (transposed).


Just-in-case stock management is a modified version of Just-in-time stock management.
When two adjacent digits are transposed the error will always be divisible by 9.


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.
For example:
If 3,460 should be 3,640
the difference is 180 (3,640-3,460=180)
180/9 = 20.
 
 
2.
Similar errors with non-numerical data.
For example ABC entered wrongly as ACB.




== See also ==
== See also ==
* [[Inventory management]]
* [[Double counting]]
* [[Just in time]]
* [[Stock]]
 
[[Category:The_business_context]]
[[Category:Manage_risks]]

Revision as of 13:07, 14 August 2013

1. A simple error of data entry when two digits in a number are reversed (transposed).

When two adjacent digits are transposed the error will always be divisible by 9.

For example: If 3,460 should be 3,640 the difference is 180 (3,640-3,460=180) 180/9 = 20.


2. Similar errors with non-numerical data. For example ABC entered wrongly as ACB.


See also