Economic Order Quantity
In the system based on the information level, it was assumed that the size of the ordered lot was constant. It was also pointed out that an undoubted advantage of this method is the possibility of placing orders in the amount that minimizes the total costs of replenishment and storage of stocks. In the literature […]
Explore moreReorder Point and Target Level
The system based on the information level assumes that an order is placed at a time when the level of available stock is lower than or equal to the so-called information level (ROP or Reorder Point). Available stock is understood as stock amount increased by already placed orders and decreased by products available or allocated […]
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