order quantity


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order quantity

the quantity of an item to be ordered when STOCKS of the item fall to a predetermined minimum stock level. The reorder quantity should serve to replenish stock to the planned maximum stock level. The optimum order quantity may be ascertained by means of a STOCKHOLDING MODEL. See STOCK CONTROL.
References in periodicals archive ?
minimum order quantity 21,000 pieces (7,000 pieces per calendar year) estimated order quantity 21,000 pieces (7,000 pieces per calendar year).
The key terminology in the inventory management includes: stock level, demand in given period, costs of ordering, costs of warehousing, costs of stockout, lead time, order quantity and reorder point.
In a recent article in this journal Mehra and Amini[1] presented an inflation-adjusted economic order quantity (EOQ) model.
Intermediate orders are unstable and magnified in start of increasing period, but stabilized as order quantity increasing continues.
2] is difference between current inventory level in the final product warehouse and calculated inventory level according to the last evaluated daily order quantity multiplied by 7 days, or constraint of one hundred finished products.
Total order quantity 30 pieces, Of which 15 pieces order quantity, Of which 1 sample