Accountancy, asked by meliskameintjes8942, 10 months ago

Explain the term maximum level minimum level and reorder level of inventories

Answers

Answered by niti1283
1

Explanation:

The order is sent before the materials reach minimum stock level. Reordering level is fixed between minimum level and maximum level. The rate of consumption, number of days required to replenish the stocks, and maximum quantity of materials required on any day are taken into consideration while fixing reordering level.

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