order point
Definition
Number of units of an item on hand when a purchase order for its replenishment is to be issued. This number equals the lead-time quantity plus the safety (minimum) number of units. Also called order level.
order point is in the Inventory Control & Storage and Purchasing & Procurement subjects.
order point appears in the definitions of the following terms: order point system and order level
order point appears in these other term: order point inventory system
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