The reorder point (`ROP`) is the level of inventory which triggers an action to replenish that particular inventory stock. It is normally calculated as the forecast usage during the replenishment lead time plus safety stock. Reorder point is a technique to determine when to order; it does not address how much to order when an order is made. ==Co.....
Found on
http://en.wikipedia.org/wiki/Reorder_point
The inventory level established to trigger a buyer's replenishment order.
Found on
http://www.encyclo.co.uk/local/20108
No exact match found.
