At some stock level point, management must reorder product to refill the inventory to an acceptable level. This "point" is called the ________.

Name: At some stock level point, management must reorder product to refill the inventory to an acceptable level. This "point" is called the ________.
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Question

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The "point" where management must reorder product is known as the order (or reorder) point. This point represents the minimum level of inventory that should be maintained to ensure that there is no stockout.

At Some Stock Level Point, Management Must Reorder Product to Refill