BUISENESS MANAGEMENT
INVENTORY CONTROL
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What would be taken into account when considering a reorder quantity?
|
|
Minimum Stock Level
|
|
|
Maximum Stock Level
|
|
|
Lead Time
|
|
|
All of the above
|
Explanation:
Detailed explanation-1: -How do you calculate reorder point with example? A simple reorder point calculation is daily unit sales multiplied by lead time between inventory order and its arrival in days, plus safety stock.
Detailed explanation-2: -A reorder level, also referred to as a reorder point refers to the inventory level at which a seller places an order with its suppliers to replenish the stock of a certain product.
There is 1 question to complete.