Tag: Reorder Point
Last week in my posting on Understanding QuickBooks Reorder and Build Points I talked about how QuickBooks uses the Reorder Point in reports to tell you when to reorder purchased parts. Today I will discuss some ideas on how to select a reorder point for your items.
It’s never a good idea to run out of important inventory items that you resell or use in manufacturing. In simple inventory control systems we often set a minimum stocking level that is used to generate a warning when an item falls below a particular on-hand balance, so that you can order (or build) more […]