Reorder Point Definition Formula How To Calculate
What is Reorder Point? Explanation Usually, for a business, inventory consists of raw materials or finished goods stored in storage. Suppliers provide business raw materialsRaw MaterialsRaw materials inventory is the cost of products in the inventory of the company which has not been used for finished products and work in progress inventory. Raw material inventory is part of inventory cost which is reported under current assets on the balance sheet.read more ready-made finished goods....