Inventory control 0.0 / 5 ? BusinessInventory controlA2/A-levelAll boards Created by: s.treadCreated on: 24-06-19 09:54 what is lead time? amount of time between an order being placed and the goods being received. 1 of 6 Buffer inventory lowest amount of inventory that a business plans to hold 2 of 6 Re-order quantity amount of inventory that is ordered 3 of 6 re-order quantity formula lead time(days) X average daily usage 4 of 6 Re-order level level of inventory at which a new order is placed 5 of 6 Re-order level formula Re-order quantity + minimum inventory level 6 of 6
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