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What are bin cards/stores ledger accounts used for?
What are two bin system/ pareto 80 20 distribution/ order cycling method used for?
And what are the differences between the two?Bin cards and stores ledger accounts are used to keep a record of the number of items in inventory (so that, for example, if a customer orders some goods from us then we can check in the records whether we have enough in inventory).
A two-bin system is not really in the syllabus (and certainly there could not be calculation questions on it). Imagine you are keeping inventories of screws. Start with 2 boxes (bins) of screws and issue from the first box. As soon as the first box is empty then order a new box, and start issuing from the second box. As soon as the second box is empty start using the other box and again order a new box. In that way you are never going to run out of screws and can always supply customers.
The reason of what you mention is certainly not in the syllabus for F2.
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