Accounting Dictionary - Letter Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Zero inventory
is a just-in-time approach where inventory levels are reduced to a minimum to reduce costs (e.g., stockholding) and improve efficiency. Examples of activities aimed at reducing stock levels include linking and locating processes near each other, changing process organization (e.g., lean supply methods such as Kanban, Cando, Pokeyoka), and the same throughput rate on processes.
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