Which is the best definition of reorder point?
Which is the best definition of reorder point?
A . The point at which stock will fall to zero minus lead-time
B . The point when one unit of stock remains in stock
C . The point when stock reaches zero
D . The level inventory at which an order must be made
Answer: D
Explanation:
Reorder point is the point either in time or in a process when the next order should be placed.
Reference: CIPS study guide page 113
LO 2, AC 2.3
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