Question

The level of material at which a new order for materials is to be placed is.
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Answer 1

Explanation:

reorder level

Re-order Stock Level

So, reorder level is that level of material where new order should be placed considering reorder period and the daily usage and rate. This level is fixed somewhere between the maximum and minimum level.

Answer 2

Answer:

The level of material at which a new order for materials is to be placed is called Reorder Level.

Explanation:

Reorder level :

• It is that level or that inventory level where a particular entity should posses an issue with the order purchased so that it gets replenished to the amount that is received in hand.

• When the reorder level is calculated correctly, the reorder level should give a result in replenishment inventory which arrives just to the existing inventory or that inventory quantity that has declined to zero.

• It is that level of the stocks at which a certain business should order the new supplies, keeping in mind to the reorder quantity number of those items that needs to be ordered.

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