What does reorder point mean?
Definitions for reorder point
re·order point
This dictionary definitions page includes all the possible meanings, example usage and translations of the word reorder point.
Wikipedia
Reorder point
The reorder point (ROP) is the level of inventory which triggers an action to replenish that particular inventory stock. It is a minimum amount of an item which a firm holds in stock, such that, when stock falls to this amount, the item must be reordered. It is normally calculated as the forecast usage during the replenishment lead time plus safety stock. In the EOQ (Economic Order Quantity) model, it was assumed that there is no time lag between ordering and procuring of materials.
Wikidata
Reorder point
The reorder point is the level of inventory when an order should be made with suppliers to bring the inventory up by the Economic order quantity.
Dictionary of Military and Associated Terms
reorder point
1. That point at which time a stock replenishment requisition would be submitted to maintain the predetermined or calculated stockage objective. 2. The sum of the safety level of supply plus the level for order and shipping time equals the reorder point.
Numerology
Chaldean Numerology
The numerical value of reorder point in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of reorder point in Pythagorean Numerology is: 4
Translations for reorder point
From our Multilingual Translation Dictionary
- точка заказаRussian
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"reorder point." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/reorder+point>.
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