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order quantity

Fixed order quantity (fixed order size)

1) An inventory control system where stock is reviewed continuously and, whenever the inventory falls to a predetermined point, an order for a fixed quantity of stock is generated. (Source: ILT Supply-Chain Inventory Management SIG)

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Maximum order quantity

1) An order quantity which, in principle, must not be exceeded. (Source: ILT Supply-Chain Inventory Management SIG)

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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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