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  2. Reorder point - Wikipedia

    en.wikipedia.org/wiki/Reorder_point

    The reorder point (ROP), also reorder level (ROL) or "optimal re-order level", [1] is the level of inventory which triggers an action to replenish that particular inventory. It is a minimum amount of an item which a firm holds in stock, such that, when stock falls to this amount, the item must be reordered.

  3. Material requirements planning - Wikipedia

    en.wikipedia.org/wiki/Material_requirements_planning

    Prior to MRP, and before computers dominated industry, reorder point (ROP)/reorder-quantity (ROQ) type methods like EOQ (economic order quantity) had been used in manufacturing and inventory management. [1] MRP was computerized by the aero engine makers Rolls-Royce and General Electric in the early 1950s but not commercialized by them.

  4. Newsvendor model - Wikipedia

    en.wikipedia.org/wiki/Newsvendor_model

    Reorder point – Inventory level triggering replenishment Inventory control system – Ensuring the correct level of stock Pages displaying short descriptions of redirect targets Extended newsvendor model – Mathematical model to assist inventory levels Pages displaying short descriptions of redirect targets

  5. Economic order quantity - Wikipedia

    en.wikipedia.org/wiki/Economic_order_quantity

    If there are backorders, the reorder point is: =; with m being the largest integer and μ the lead time demand. Additionally, the economic order interval [ 8 ] can be determined from the EOQ and the economic production quantity model (which determines the optimal production quantity) can be determined in a similar fashion.

  6. Apple overtakes Microsoft as the best-managed company in the US

    www.aol.com/apple-overtakes-microsoft-best...

    Microsoft's four-year reign as the best-run company in the US has come to an end in the Drucker Institute's 2024 Management Top 250 ranking.

  7. The most dangerous roads during Christmas and New Year's Eve

    www.aol.com/finance/most-dangerous-roads-during...

    I-5 in San Diego County, California: 12 (population 3.28M) US-1 in Monroe, Florida: 11 (population 82k) I-95 in Brevard County, Florida: 11 (population 631k) TruckInfo.net

  8. Tattoo artist sentenced to prison for trafficking human remains

    www.aol.com/tattoo-artist-sentenced-prison...

    A Minnesota tattoo artist and human remains aficionado was sentenced to 15 months in prison for adding the stolen corpse of a stillborn baby boy to his collection, among other smuggled body parts ...

  9. Inventory - Wikipedia

    en.wikipedia.org/wiki/Inventory

    Reorder level: Reorder level refers to the point when a company place an order to re-fill the stocks. Reorder point depends on the inventory policy of a company. Some companies place orders when the inventory level is lower than a certain quantity. Some companies place orders periodically.