Hi All,
I am really confused with the terminology of REORDER POINT and SAFETY STOCK.
What is the difference between REORDER PONT and SAFETY STOCK ?
What generally REORDER POINT does ? When it Triggers the procurement ?
What SAFETY STOCK does ? Is that will trigger procurement ?
Please clarify the above and if I miss anymore related to REORDER POINT and SAFETY STOCK clarify the same too will be grateful.
Thanks in Advance.