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reorder point |
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reorder point [re′ȯr·dər ‚pȯint] (industrial engineering) An arbitrary level of stock on hand plus stock due in, at or below which routine requisitions for replenishment purposes are submitted in accordance with established requisitioning schedules. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In this research paper, we will look into the calculation of reorder point, safety stock and order quantity of an inventory based on the assumption that the process generating demand data can be forecasted by ARMA Box-Jenkins model The distribution of forecast errors from the calculation process in Box-Jenkins' ARMA analysis will be used as the measurement of the accuracy with which the reorder point and safety stock are determined. When inventory reaches reorder point, parts could be ordered with normal lead time. The requested solution is to eliminate the backorder policy reflected in Chapter 8 of the Security Assistance Management Manual, which restricts sales from stock on non-CLSSA requisitions to items whose on-hand level is above the reorder point. |
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