This topic contains 1 reply, has 2 voices, and was last updated by Benjamin 6 years, 4 months ago.

How re-order point works?

Shashank August 13, 2018 at 12:15 pm

Can you explain how re-order point works in SooPOS?

Benjamin August 13, 2018 at 12:20 pm

The reorder point (ROP) is the level of inventory which triggers an action to replenish that particular inventory stock. It is a minimum amount of an item which a firm holds in stock, such that, when stock falls to this amount, the item must be reordered.
https://en.wikipedia.org/wiki/Reorder_point

Setting Up Minimum and Maximum Re-Order Quantities

At SooPOS, we support basic min-max-reorder point model, as well as advanced model based on expected sales. For advanced formula, custom work charges may apply.

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