reorder point


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Related to reorder point: Safety stock

reorder point

the time at which an order is placed for new STOCK. See STOCK CONTROL.
References in periodicals archive ?
The reorder point R is realized through initializing the amount of inventories in each stock point to be the sum of its reorder point and order quantity, i.
The order quantity (Q) was set to 3000 and the reorder point to 300 units.
The fill rate can be improved by increasing safety stock (SS) or by increasing the reorder point (s).
The reorder point is calculated using demand data, required service level, and the time needed to fulfill an order.
This is because the depletion of inventories will cross the inventories' reorder point threshold mote frequently as the difference between the maximum inventory levels carried and the inventory reorder points narrows.
Until a few years ago, the EOQ model was used to calculate stock levels and place orders, while the forecasts used to calculate the levels and reorder point were based solely on historical demands.
Each day, Bishop runs a report that lets him know when he's close to the reorder point on inventory.
From the point of view of the producing work station, this resembles a reorder point (ROP) system where DL + DL[Alpha] - na is the reorder point.
The reorder point is the level at which the shelf can receive at least one full case.
In the modified MRP system proposed here, an order release of a kanban part is to be entered in its MRP file whenever the gross requirement accumulates to a container size in a multi-bin kanban system or the projected available quantity reaches the reorder point in a one-bin kanban system.
What the process does guarantee is that class VIII items identified as additions will be placed on the ASL at a specific reorder point to maintain stockage levels.