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Microlesson · 5-min read

Two Bin System and Budgetary Control for Inventory

## Two Bin System (Double Bin System)

A simple, visual reorder trigger that avoids complex calculations for routine items.

### Mechanics

Each storage bin is physically divided into two compartments:

CompartmentContentsPurpose
Larger partWorking stock (bulk of inventory)Day-to-day issues
Smaller partStock equal to minimum stock levelBuffer during lead time

Reorder trigger: The moment issues must start from the smaller part, a fresh purchase order is placed immediately. Stock in the smaller part covers consumption during supplier lead time.

> No paperwork calculation needed — the physical act of opening the second bin IS the signal.

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## Establishment of System of Budgets for Inventory

Material requirements are planned in advance for a full year based on:

  • Production plans
  • Production schedules

An Inventory Requirements Budget is prepared to:

1. Determine the exact quantity of each material needed

2. Determine exactly when each material will be needed

3. Discourage unnecessary or speculative investment in inventories

This converts production plans into a procurement calendar, preventing both shortages and over-purchasing.

⚠️ Common exam mistakes

  • Confusing the smaller bin with the reorder quantity — the smaller bin holds stock equal to MINIMUM stock level (buffer), not the reorder quantity.
  • Thinking Two Bin requires constant computation — it is entirely physical/visual; no calculation is needed to trigger the reorder.
  • Assuming budget-based control applies only to 'A' category items — budgetary control is applied across all categories but with different granularity.
Reference:
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