Zero Inventory

(redirected from Zero Inventories)

Zero Inventory

A system in which a company keeps no or very little inventory in storage, simply ordering exactly what it needs to sell and receiving it in a timely manner. Zero inventory is the goal of just-in-time inventory management and the two terms are sometimes used to mean the same thing.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The goals include zero waste, zero accidents, zero breakdowns, zero waste of motion, and zero inventories. And this includes having safer, more efficient operations.
The Internet may actually allow us to address the concept of zero inventories, not lust within the four walls of a manufacturing facility, but in an entire industry or economy.
In the early 1980's a new concept, known as zero inventories" was introduced to the American manufacturing industry.
Many would argue that these goals are often unattainable, that zero inventories are to be strived for and that JIT is merely a philosophy.