At any moment of time, every company holds some stock of various items. These items collectively make up the inventory [...]

The methods used to control inventory focus on • Classification of inventory • Setting up minimum stock levels and ordering [...]

Reorder Level To maintain a satisfactory level of inventory for every material, a specific quantity is fixed as the reorder [...]

Different companies have different ordering methods, depending upon their product mix, warehouse and store locations, production or sales cycles, supplier [...]