What is the ROP? How is it determined?
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What is the ROP? How is it determined?
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Solution Summary
This solution defines and details the Reorder point (ROP)
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ROP stand for reorder point. It refers to a point at which the inventory levels drops below the required hold amount and must be reordered. In short, when the inventory drops below the reorder point, the inventory must be reordered.The ...
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