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The stock replenishing system is an operation that consists in creating the standard full once more in order to evade stock-out. Replacement is mostly done brought by a passed to a supplier or to a producer, possibly sent through monetary order amount.

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Lamar Gibson

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1y ago
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10y ago

Stock replenishment is an function that comprises in making the stock full again to prevent stock-out.

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Q: What is stock replenishment?
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What is stock replenishment system?

The stock replenishing system is an operation that consists in creating the standard full once more in order to evade stock-out. Replacement is mostly done brought by a passed to a supplier or to a producer, possibly sent through monetary order amount.


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What is fixed order system?

A fixed order quantity system is the arrangement in which the inventory level is continuously monitored and replenishment stock is ordered in previously-fixed quantities whenever at-hand stock falls to the established re-order point.


What is a fixed order quantity system?

A fixed order quantity system is the arrangement in which the inventory level is continuously monitored and replenishment stock is ordered in previously-fixed quantities whenever at-hand stock falls to the established re-order point.


What is a fixed-order quantity system?

A fixed order quantity system is the arrangement in which the inventory level is continuously monitored and replenishment stock is ordered in previously-fixed quantities whenever at-hand stock falls to the established re-order point.


What are the difference between a replenishment philosophy and a requirements philosophy?

There are some differences between a replenishment philosophy and a requirements philosophy: - The requirement philosophy is used in MRP systems whilst the replenishment philosophy is used in order-point systems. - The replenishment philosophy is oriented toward the customer and it more focuses outward objectives where as the requirement philosophy is oriented toward manufacturer and it more focuses inward objectives. - In the replenishment philosophy, material should be replenished when it runs low versus in the requirement philosophy, material is ordered only when a need exists as directed by the master schedule. If there are no manufacturing requirements for a particular part, it will not be replenished, even though the inventory level is low. - In the replenishment philosophy, ABC principle is applied as a control principle and EOQ formula can help providing relative accurate stock level. In the requirement philosophy, ABC principle and the time-honored EOQ do not work well if this order philosophy is applied. - In the requirement philosophy, as MRP is future-oriented so ordering philosophy base on requirement generated from master schedule. In the replenishment philosophy, the forecast of replenishment the stock level base on the past history of demand. - In the replenishment philosophy, if demand is lumpy, materials will be carried on hand during long period of zero demand resulting in unnecessary inventory-carrying cost. But in the requirement philosophy, the requirement of particular part is very important in manufacturing because demand for component parts is lumpy.


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What is the main purpose of material management?

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What are the job duties of a replenishment manager at michaels craft stores?

Replenishment Manager is enthusiastic and passionate about Creativity, People and Arts and Crafts. The Presentation Replenishment Manager focuses primarily on the areas of Receiving, Replenishment and Merchandise presentation. The Presentation Replenishment Manager has primary responsibility to ensure that the customer finds Michaels fully stocked and maintained at the highest level of presentation and that all planograms are set correctly in a timely manner.


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