Order Point

A specified inventory level used to trigger a reorder when the total of current on-hand inventory and open scheduled receipts falls below that level. The order point is set to cover demand expected until the order is received, and often includes a buffer based on past variability in the demand or the lead time


Order Point

A specified inventory level used to trigger a reorder when the total of current on-hand inventory and open scheduled receipts falls below that level. The order point is set to cover demand expected until the order is received, and often includes a buffer based on past variability in the demand or the lead time

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