Reorder Point (ROP): Formula on How to calculate this point

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How do you determine when it’s time to order more stock? You probably relied on your instincts in the early stages of your company. You’d eyeball your stock every two weeks, guess what you’d run out of in the next five days, and place an order. Running on instinct isn’t scalable when your business grows …. View detail https://blog.efex.asia/reorder-point/

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