Reorder point techniques - supply chain management, Microeconomics

Reorder Point Techniques

Systems based on reorder points assume that demand is uniform and predictable and that there is no true identifiable time of need. Hence, stock must always be available. In practice, demand is discontinuous and follows a lumpy pattern. Stock is seldom depleted item-by-item, it is more common to deplete or order by lots or batches. This ordering in lots tends to magnify the requirements or lot sizes from the finished item to the component to the raw material levels.

Posted Date: 3/14/2013 6:11:58 AM | Location : United States







Related Discussions:- Reorder point techniques - supply chain management, Assignment Help, Ask Question on Reorder point techniques - supply chain management, Get Answer, Expert's Help, Reorder point techniques - supply chain management Discussions

Write discussion on Reorder point techniques - supply chain management
Your posts are moderated
Related Questions
a) Explain the perverse incentive. b) What makes the incentive perverse? c) How could the incentive makers better the incentive?

large firms charge the price which is higher than the small firms, contruct the diagram

Define injections and withdrawals.   "The inflows in circular flow of income are known as injections". Investment, government spending and exports are there in injections "The

Tax Policy Implementation:   Take, e.g., the case of tax policy. It attempted to raise resources by a combination of direct and indirect taxes to finance a large part of increa

limitation of kaldor hicks in compensation test and welfare criteria

Cost Function for Savings and Loan Industry * The empirical estimation of long run cost function can be useful in restructuring of the savings and loan industry in wake of savi

law of diminishing marginal utility its assumptions, limitation, and its practical importance

What is the difference between 'concept' and 'assumption'?  These two terms are very dissimilar. The term 'concept' refers to an idea or abstract principle. For instances, forc

implications of varios market structure for price determination

International economic relations also vary, in large measure, on monetary issues.  You are unlikely to accept the Turkish Lire in payment for your wages in this country, easily bec