The ________ specifies the point at which inventory is needed.

Name: The ________ specifies the point at which inventory is needed.
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Question

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The reorder point specifies the level of inventory at which an order needs to be placed in order to avoid stockouts. Company inventory policies and economic order quantity are related concepts, but they do not specifically define the point when inventory is needed. Stockout point is the point where inventory has depleted completely.

The ________ Specifies the Point at Which Inventory Is Needed