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What is the difference between re-order levels and re-order quantity?
Wiki User
∙ 11y ago
) Reorder Level - Maximum Consumption x Reorder Period
Reorder Period = is the amount of time from the point at which you determine the need to order to the point at which the inventory is on hand and available for use
But
Re Reorder Quantity is - How much quantity to be ordered when stock reached below reorder level - Anurag
Wiki User
∙ 11y ago
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