Reorder point is deals with the specific time in which you should place an order with your supplier. Reorder level is the specific quantity that you should have on hand when your order is placed.

) Reorder Level - Maximum Consumption x Reorder Period

Reorder Period = is the amount of time from the point at which you determine the need to order to the point at which the inventory is on hand and available for use

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Re Reorder Quantity is - How much quantity to be ordered when stock reached below reorder level - Anurag

The reorder point indicates when to place an order. The reorder point is calculated by 1) estimating the sales in the near future, 2) estimating the number of days between ordering and receiving the additional units, and 3) the number of units of safety stock. Check Ordering online

ROP Stands for ReOrder Point

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