Inventory Optimization

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August 31, 2024 4 min read Definitions
Reorder Point (ROP): The Inventory Level at Which a New Order Should Be Placed
Inventory Management Supply Chain Inventory Control Supply Chain Management Logistics Inventory Optimization Business Operations
The Reorder Point (ROP) is the inventory level at which a new order should be placed to replenish stock before it runs out. It is crucial for inventory management and maintaining optimal stock levels.
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