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What is Reorder point and Reorder quantity? and what is its
significance?
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Answer Posted / 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
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