economic order quantity replenishment

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• Material requirements planning — (MRP) is a production planning and inventory control system used to manage manufacturing processes. Most MRP systems are software based, while it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three… …   Wikipedia

• Reorder point — The reorder point is the level of inventory when a fresh order should be made with suppliers to bring the inventory up by the Economic order quantity (EOQ). Continuous Review System The reorder point for replenishment of stock occurs when the… …   Wikipedia

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