Question: A set inventory level where, if the total stock on hand plus on order falls to or below that point, action is taken to replenish
A set inventory level where, if the total stock on hand plus on order falls to or below that point, action is taken to replenish the stock. Normally calculated as forecasted usage during the replenishment lead time plus safety stock. Synonym: reorder point, statistical order point, trigger level.
ABCDEF
A type of fixed order quantity model that determines the amount of an item to be purchased or manufactured at one time.
ABCDEF
MRPlike time planning logic technique for independent demand items, where gross requirements come from a forecast, not via explosion. When used in distribution environments, the planned order releases are input to the master schedule dependent demands.
ABCDEF
A formal legal claim filed by the transportation buyer that the carrier failed to protect the freight properly, seeking monetary compensation for damaged freight, delayed or incorrect deliveries, overcharges, or other service failures.
ABCDEF
To rush or chase production or purchase orders that are needed in less than the normal lead time; to take extraordinary action because of an increase in relative priority.
ABCDEF
A complete supply chain dedicated to the reverse flow of products and materials for the purpose of returns, repair, remanufacture, andor recycling.
A
economic order quantity EOQ
B
order point
C
expedite
D
reverse logistics
E
freight claim
F
timephased order point TPOP
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
