order point


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order point

[′ȯrd·ər ‚pȯint]
(industrial engineering)
The inventory level at which a replenishment order must be placed.
References in periodicals archive ?
Functional dimension Inventory Management Policies: P01 --To calculate the order point, P02--To calculate the economic order quantity, P03--To calculate the safety stock--P04--To make Balances In Stock available--P05--To create the ABC classification, P06--To work according to the Just In Time Philosophy, P07--To calculate the needs of purchased and manufactured products.
More than 80 years of experience, quality of product and value for money won the order for Tetra Pak CPS who took only two months to complete the project from order point to final commissioning.
Established over six years ago, TOA Table provides one order point, one delivery and one invoice for a range of over 900 products chilled, frozen and ambient--saving customers and suppliers, time, money and of course all important 'food miles'.
We have really worked on the customer service experience and connect with the customers at the order point.
"From a public order point of view it's got everything, with the possibilities ranging from domestic disputes to terrorism, and we have to cover it accordingly.
But since that item will be jeopardized, I'll get what's called an order point check-if the buyer can't afford to be out of that item, he can accept an order from that vendor, which could, in a sense, overstock them on other items.
Sheetz "provides an award-winning menu of Made*To*Order subz, sandwiches, saladz and specialty coffeez" which are ordered through unique touch-screen order point terminals.
'Order Point' systems determine how many to order, whereas 'Periodic Review" systems determine how often to order as well (Silver and Peterson, 1985; Tersine, 1994).
"The police wouldn't be able to do anything either except from a public order point of view so they'll have a free run of the road - but we don't really envisage any trouble."
Replenishment stock is ordered from vendors when the on-hand balance reaches or falls below the order point. When this occurs, the amount that is ordered is the order quantity.
The violence is not only wrong, but from the Orange Order point of view it is entirely self- defeating."
order point = expected net demand during order lead time + factor.