Zero Inventory

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.
References in periodicals archive ?
Target applications include education RP labs and environments that can benefit from zero tooling production and from a zero inventory supply chain.
Inventory management becomes an issue when oil prices are declining at the end of month as you have minimum inventory but you cannot start new month with zero inventory.
With the likes of augmented reality changing rooms, iPad check outs and zero inventory on the horizon, both the customer and retailer of the future are set to be heavily reliant on IT to create a truly digitised UX.
Things can change in a hurry: I remember creating the first fuel inventory forms for NEPEX in 1973 and seeing short-term zero inventory for some of the largest electric plants in New England.
One project I am particularly proud of is when we transitioned into a zero inventory general items store.
Through its ease of integration, brand owners can now offer hundreds of personalized products to their customers with zero inventory through a cohesive online experience.
22 -- An ideal situation for a CIO would be to deliver his company's products to the targeted customer at the right time and price, and be left with zero inventory.
For both discrete and continuous dynamic lot sizing (DDLS, CDLS) models, we analyze optimal properties of the zero inventory production (ZIP) policy related to Wagner-Whitin theorem 1 and 2 (i.
This was due to alerts that we set up in the system, such as too many zero sales on an item, a new listing, zero inventory, or a drop in sales," he explains.
The problem is we're reporting these record highs, but we have zero inventory,'' Jares said.
And it does not plan to stop there; according to Tommy Geary, head of business process for Dell EMEA, the aim is to move towards still closer integration with suppliers and zero inventory.
Edonia has zero inventory, zero fulfillment, zero warehousing and zero data entry," Khazai added.