Reorder Point

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Definitions
Order-Point System
Order-Point System Inventory Management Supply Chain Reorder Point Stock Replenishment Safety Stock Inventory Control
The Order-Point System is an inventory management method wherein inventory is replenished automatically once it reaches a predetermined threshold, ensuring sufficient stock to meet demand and avoid stockouts.
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Definitions
Reorder Point
Reorder Point Inventory Management Stockout Cost Just-in-Time Inventory Control Supply Chain Management Business Operations Inventory Control
The minimum level of inventory at which a new order must be placed, to prevent stockouts and ensure continuous business operations.
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