what is re order level in inventory management system?
411864
Like the first answer..but let's expand on it a little.\n\nThe reorder level is the point at which you need to order more of that specific item in order to maintain production/sales.\nTaking the example of muffler's another level...let's expand on it:\nLet's say you have 100 muffler's on hand.\nLet's say you average selling 50 muffler's per month, so you have a two month supply on hand...given the average sale of that item.\nLet's say it takes 2 weeks for any company to fulfill your order.\nNow, when you take a look, the question remains: Do I need to maintain 100 muffler's on hand?  of course not.\nYou could actually maintain a 4 week supply on hand (50) and have a reorder level of 25 (and then reorder 50)...thereby reducing your stock on hand, saving your company some money in the process.\n\nTo expand further, one also must take into account such things as product returns and defects.  Hopefully the company that you'd order from would have this as a minimal amount...but the number there should be added on as a "buffer" so as to ensure no empty shelves/or lack of production time waiting for the piece to come into play.\n\nHope this helps.
756209
UPCs are used to keep track of inventory.
754265
I think what you are referring relates to cycle counting and  control of inventory.  The basic idea is this: items are the inventory are catagorized according to their cost or value or importance to the business with A items being most crucial or valuable, B the next, and C the least.\n\nTo control inventory, physical counts are conducted on a cycle with A items being counted most often, then B and C.\n\nMichael Casey CPA\nBusiness Consultant\n608-271-0068
414365
Physical inventory is a process where a business stops all inventory transactions, and physically counts its entire inventory. A physical inventory may be mandated by financial accounting rules or the tax regulations to place an accurate value on the inventory, or the business may need to count inventory so component parts or raw materials can be restocked. Businesses may use several different tactics to minimize the disruption caused by physical inventory.\n\n* Inventory services provide labor and automation to quickly count inventory and minimize shutdown time.\n* Inventory control system software can speed the physical inventory process.\n* A perpetual inventory system tracks the receipt and use of inventory, and calculates the quantity on hand.\n* Cycle counting, an alternative to physical inventory, may be less disruptive.
462028
It might be different because you're going through your company.  Maybe they just batch up all the orders and execute them at the end of the date?\n\nAre you even allowed to place orders that are not market orders?
652513
I'm not sure if its the same as a requisition, but you should be able to highlight the line item and select the trash can can, then save it? hope that help... i was in purchasing, but i did mostly purchase orders...
1135303
Call the company or look on their website for ordering info.
852698
http://www.onlineorganizing.com/ExpertAdviceToolbox.asp\n\nhttp://www.invoice2go.com/inventory.aspx?r=B10&gclid=CImJt_e18IgCFSdJYwodah1IpA
545236
Just In Time (JIT) is an inventory strategy implemented to improve the return on investment of a business by reducing in-process inventory and its associated costs. The process is driven by a series of signals, or Kanban (Jp. カンバン also 看板), that tell production processes to make the next part. Kanban are usually simple visual signals, such as the presence or absence of a part on a shelf. JIT can lead to dramatic improvements in a manufacturing organization's return on investment, quality, and efficiency when implemented correctly.\n\nNew stock is ordered when stock reaches the re-order level. This saves warehouse space and costs. However, one drawback of the JIT system is that the re-order level is determined by historical demand. If demand rises above the historical average planning duration demand, the firm could deplete inventory and cause customer service issues. To meet a 95% service rate a firm must carry about 2 standard deviations of demand in safety stock. Forecasted shifts in demand should be planned for around the Kanban until trends can be established to reset the appropriate Kanban level. In recent years manufacturers have touted a trailing 13 week average is a better predictor than most forecastors could provide.
185843
to re establish or re organize something....\n\nfor example: (I am a nurse)\n\na patient in the hospital has orders for a regular meal 3 times a day.  The day before surgery the doctor puts that order on hold.   The day after surgery the doctor reinstitutes the order for regualr meals 3 times a day!   \n\nHows that??
1111501
Depending on situations- Is there anything that refers to this situation in the " terms of agreement "?\nIs there any indication that remaining merchandise is on back order? B/O\nIf so that business can not refuse shipment.
656786
You will be buying any skeletons they have in their closet.  If the seller cannot produce an accurate, detailed inventory to back up their asking price, then move on.  Also, that inventory can include discontinued styles that are no longer available for re-order.  Have them show proof that they are an authorized retailer for each line they carry and double check with each manufacturer on ther seller's order history with each designer.  Carrying discontinued styles and not being able to order from a particular vendor devalues those pieces exponentially.  I ran into those issues when thinking of buying a shop that was "valued" at 175K.  I walked away when the owner turned down an offer of 85k.  I started my own shop with brand new stock, twice the square footage, and much nicer for about 40k.  As they say in latin:  Caveat Emptor-Buyer Beware!
153955
It is an order issued by the court after a reversal of judgement.  It states that the sheriff must restore the disputed item to the defendant, or the proceeds if it was sold.
772284
hello sir, i read both of the quests posted by u...\ni read prodn n operations mgmt, total quality mgmt etc...\nbut i didnt understand ya quest.... \ncan u pls elaborate???
557133
What was the confirmation number for?  Did you place an order for something?  Usually the company that you order from sends an email to you with the confirmation number and order details.  You could also try a web search for the company that you were ordering from in order to get back to their webpage.  From there, you can look for something that say "Account Information" or "My Account" or somewhere that you can look up order histories.\n\nIf none of that works, you can always use IE's web history to see if you can spot the webpage.  If you click on View-Explorer Bar-History, then a screen will open up on your left.  From there, you can look at all the pages you went to over the last few days.  Clicking on the folders will bring up the individual pages that you visited on that particular site.  The history only goes back but so far (there's a setting that controls how many days it goes back), and not all pages are going to be listed (some secure sites or sites that you used a login and password don't automatically show up - they'll probably make you log in again if you click on those links).
89282
measures of central tendancy are means and averages. so if you have a mean inventory level then you can track how many extra units you are selling. or above average or below average sales
264406
In our business, it means controlled.   lol\n\nThey are labeled, logged, inventoried, and whenever you take one, you subtract it from the inventory.  You always know how many you have.  You control it's usage.