Two-Bin System

A two-bin system is a type of inventory management system that is used to track inventory levels and ensure that there is always enough inventory on hand to meet customer demand. The system uses two bins to store inventory, and when one bin is empty, the other bin is used to replenish the inventory.

Reorder Point

The reorder point is the level of inventory at which a company needs to reorder more stock to meet customer demand. This is typically set at a level that ensures that there is always enough inventory on hand to meet customer demand, but not so much that the company is holding excess inventory that is not needed.

OPS: A System

The OPS: A system is a specific type of two-bin system that is used to manage inventory levels in a manufacturing environment. In this system, the first bin contains the minimum amount of inventory that is needed to keep the production line running, while the second bin contains the number of units equal to the reorder point. When the first bin is empty, the second bin is used to replenish the inventory, and a new order is placed to refill the second bin.

This system is designed to help ensure that there is always enough inventory on hand to keep the production line running, while also minimizing the amount of excess inventory that is being held. By using a two-bin system with a reorder point, companies can reduce the risk of stockouts and ensure that they are always able to meet customer demand.