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MRP glossary TOP > O > Ordering Point System

Ordering Point System

Ordering Point System, Fixed Size Ordering System

It is also called Statistical Inventory Control Method, where an order is issued at the time of reaching the Reorder Point. In this point, it is also called Fixed Size Ordering System.


Related term: Inventory Control Method

Reference:JIT Business Research Mr. Hirano Hiroyuki

Order Timing Damper | O | Overhead Cost