Reorder Point

Reorder Point from Inventory Skills

By: Inventory Skills  16-Apr-2013
Keywords: Reorder Point, Calculating Safety Stock, Reorder Point Formula,

Reorder point ( ROP ) is that inventory management skill in which a certain position of calculated inventory is fixed, after which the update of stocks becomes necessary for smooth production of goods.

In order to apply this skill on inventory one must know following things :

• Why having a good understanding of reorder point technique is important
• How to maintain optimum inventory levels and financial $ levels
• The reorder point formula used to calculate a reorder point
• How to calculate an average daily demand
• How to calculate safety stock levels

For More Information On Reorder Points Visit :

Keywords: Calculating Safety Stock, Reorder Point, Reorder Point Formula,

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