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AVERAGE STOCK LEVEL:the stock level indicates the average stock held by the concern.it is calculated with the help of following formula.

average stock level=minimumstocklevel+1/2(reorderingquantity)

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What is average level?

AVERAGE STOCK LEVEL:the stock level indicates the average stock held by the concern.it is calculated with the help of following formula.average stock level=minimumstocklevel+1/2(reorderingquantity)


What is par level stock?

average level


What is minimum stock level?

a minimum stock level is identified and re-order happens when that level is reached


How do you calculate the reorder level?

The following formula can be used to find the reorder levels:Normal stock plus the product of average demand and lead time is the formula for the reorder level.


The Reorder level system In Inventory control?

Level of stock at which order is made for new stock.


What is the average stock exchange for JNJ stock?

The average stock exchange price for the JNJ stock is $87.5. The JNJ stock corresponds to the company Johnson & Johnson and is listed on the New York Stock Exchange.


What is a maximum stock level and what is the re-order level?

The maximum stock level is the highest quantity of inventory a business can hold to avoid overstocking. The re-order level is the inventory level at which a new order should be placed to avoid running out of stock.


What is the average size of a stock pot?

The average size of a stock pot is about two quarts. However, sizes vary greatly! I have a two gallon stock pot!


How do you maintain par stock level in store?

all stock maintain in store


What is a order picker?

An order picker is used for picking stock or orders from racking or shelving and transportation of the stock. There are High Level Order Picker and Low Level Order Pickers. High level order pickers allow workers to pick stock from racking at high levels; while low level pickers are used for picking and transporting low level storage stock.


What is order picker?

An order picker is used for picking stock or orders from racking or shelving and transportation of the stock. There are High Level Order Picker and Low Level Order Pickers. High level order pickers allow workers to pick stock from racking at high levels; while low level pickers are used for picking and transporting low level storage stock.


Why do companies set a minimum stock level?

Stock level is set to avoid chances of over investment of an item or running short of an item.