Continuous replenishment
1) System whereby stock in stores or distribution centres is replenished automatically (ie orders are usually generated automatically).
Continuous replenishment 1) System whereby stock in stores or distribution centres is replenished automatically (ie orders are usually generated automatically). Replenishment system 1) The function of replenishing stocks as they are used/consumed to ensure that a process or supply does not run out. 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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