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Re-order level (ROL) (or re-order point - ROP) 1) The calculated level of stock within an inventory control system to which the quantity of a specific item is allowed to fall before replenishment order action is generated. (Source: ILT Supply-Chain Inventory Management SIG) Service level 1) (1) Distribution term meaning the level (ie frequency, accuracy and speed) of delivery service given to customers (normally refers to standard level rather than exceptional). (2) The desired probability that a demand can be met from stock (for an individual item, group of items or a system) which can be expressed in a number of ways: |
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