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replenishment

Continuous replenishment

1) System whereby stock in stores or distribution centres is replenished automatically (ie orders are usually generated automatically).

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Replenishment system

1) The function of replenishing stocks as they are used/consumed to ensure that a process or supply does not run out.

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Re-order quantity (ROQ) (or replenishment order quantity)

1) The calculated order quantity necessary to replenish stocks at a given point in time. The method of calculation, and the timing of the order, will vary depending on the type of inventory control system in use.

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