reorder point |
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Definition
Inventory level of an item which signals the need for placement of a replenishment order, taking into account the consumption of the item during order lead time and the quantity required for the safety stock. Also called reorder level, reorder quantity, or replenishment order quantity.
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reorder point is in the Accounting & Auditing, Inventory Control & Storage and Purchasing & Procurement subjects.
reorder point appears in the definitions of the following terms: reorder level, reorder quantity and fixed order quantity
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