What is Reorder point and Reorder quantity? and what is its
significance?
Answers were Sorted based on User's Feedback
Answer / pawan dua
Recorder Point is a minimum level of the on-hand inventory
stock; when the onhand stock reaches this point, an
automatic requisition is generated. Reorder quantity is the
governed by multiple factors like - safety stock or maximum
quantity; supplier BOD; Lead time, minimum order quantiy
etc.
The significance is to ensure handling of shortages which
enables smooth manufacturing.
Is This Answer Correct ? | 29 Yes | 9 No |
Answer / manik
Reorder Point = Safety stock + planned receipts during lead
time.
Reorder Qty = How much quantuty to be ordered when stock
reached below reorder point.
Significance- Ther are used in reorder planning.
Email me = manik.leo@gmail.com
Is This Answer Correct ? | 14 Yes | 5 No |
Answer / sunil budhwani
Reorder point: We have specific on hand balance in
warehouse when it is below than i specific quanity (say
safety stock) a requisition/mo proposal will generate
automatically. So the point at which this proposal will
generate known as reorder point.
Reorder point quanity: The minimum order quantity which is
defined in warehouse for generating reorder point proposals
called reorder point quantity quanity.
Its very important from the planner point of view because
as soon we will have less on hnad quanity it will trigger a
requirment in the system for that perticular item.
Is This Answer Correct ? | 24 Yes | 16 No |
Answer / samtosh
Reorder Point=Demand PER Year/# Working Days * LeadTime.
Reorder Quantity (OR) Economic Order Quantity=SQRT(2*demand
PER Year*SetupCost)/Holding Cost OR Carrying Cost
significance:To avoid dipping into Saftey Stock.
Reorder Point Uses Forecast's the demand and it determines
when the reorder quantity is required.
Mail:santoshknathan@gmail.com
Is This Answer Correct ? | 7 Yes | 1 No |
Answer / flonabbika
Reorder Point is the amount of stock at which a
replenishment order is made keeping in mind the demand
during lead time. Reorder quantity is an alternative term
for reorder point.
This level ensures prevention of stock shortages and the
associated costs, usually known as stock out costs. It keeps
company operations going until the next optimal order
quantity is received at company premises.
Is This Answer Correct ? | 1 Yes | 6 No |
What are the master datas in Manufacturing process of Oracle Apps ???
what setups are done in BOM?
What are the basic modules of Oracle Apps? Which are very popular
24 Answers Accenture, iGate, TCS, Textiles, Wipro,
what is an attribute from which we can distingwish an orgnisation and master item organisation?
What are the Inventory Key flex fields?
What is Reorder point and Reorder quantity? and what is its significance?
What is oracle apps project planning? is it module if so what are the contents of this module? please explain.
i have around 10 organisations in our instance . how we can restrict oraganizations access to users . out of 10 mhe has to access /can see only 4
What setups are done in WIP?
How do you identify model Type and Option Type BOM in Bill of Material Pages?
In osp cycyle i have one finished goods -FG1 Raw material - RM1 Osp Item - OSP1 Resource -Ospres01 Charge Type -PO Move I assign dept, then i created routing and bom. then i realsed job the PO requestion Generated But when i replace on another OSP ITEM - OSP2 for OSP1 having same attributes i am not getting Po requestion CAn any one help me? Thanks in advance, Raghunandana raghu.nandana@rediffmail.com
What are the modules generally covered under Oracle Manufacturing Apps
11 Answers Al-Qahtani, Axis Solutions, Wipro,