reorder point

reorder point
The point at which stock should be reordered. It is usually based on an optimum balance of the costs of holding stock, the costs of running out of stock, the costs of ordering stock, and the time required for the stock to arrive.

Big dictionary of business and management. 2014.

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  • reorder point — ➔ point1 * * * reorder point UK US noun [C, usually singular] ► COMMERCE, PRODUCTION ORDER POINT(Cf. ↑order point) …   Financial and business terms

  • Reorder point — The reorder point is the level of inventory when a fresh order should be made with suppliers to bring the inventory up by the Economic order quantity (EOQ). Continuous Review System The reorder point for replenishment of stock occurs when the… …   Wikipedia

  • reorder point — 1. That point at which time a stock replenishment requisition would be submitted to maintain the predetermined or calculated stockage objective. 2. The sum of the safety level of supply plus the level for order and shipping time equals the… …   Military dictionary

  • reorder point — condition in which it is necessary to reorder inventory …   English contemporary dictionary

  • Point — The smallest unit of price change quoted or, one one hundredth of a percent. Related: minimum price fluctuation and tick. The New York Times Financial Glossary * * * ▪ I. point point 1 [pɔɪnt] noun [countable] 1. a single idea, opinion, or fact,… …   Financial and business terms

  • point — See minimum price fluctuation. The CENTER ONLINE Futures Glossary See basis point. American Banker Glossary The smallest unit of price change quoted, or one one hundredth of a percent. Related: minimum price fluctuation and tick. Bloomberg… …   Financial and business terms

  • Точка дозаказа (REORDER POINT)  — Количественный уровень запаса, при достижении которого формируется заказ на пополнение запасов данной позиции …   Словарь терминов по управленческому учету

  • order point — UK US noun [C, usually singular] (also reorder point) ► COMMERCE the smallest number of a particular product that a business allows itself to have, before ordering more: » The order point depends on the expected level of sales. »At what reorder… …   Financial and business terms

  • Jack C. Hayya — is professor emeritus of management science at the Pennsylvania State University.Education*B.S., Civil Enginering, University of Illinois at Champaign Urbana, 1952 *M.S., Management, California State University, Northridge, 1961 [Hayya, Jack C.… …   Wikipedia

  • Material requirements planning — (MRP) is a production planning and inventory control system used to manage manufacturing processes. Most MRP systems are software based, while it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three… …   Wikipedia

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