Economics · Inventory Management
What is meant by the term 'Re-order Level' in material control?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The stock level at which action for replenishment or a fresh order is initiated✓
- 2The minimum safety stock below which inventory should never fall
- 3The actual physical quantity of stock present in the store
- 4The optimum quantity to be ordered at any single time
Correct answer
The stock level at which action for replenishment or a fresh order is initiated
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