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فيديو شرح Reorder Point Explained with Example EOQ Safety Stock CPA Exam BAR Finance Course ضمن كورس محاسبة التكاليف شرح قناة Farhat Lectures. The # 1 CPA & Accounting Courses، الفديو رقم 25 مجانى معتمد اونلاين
What is the reorder point and how does safety stock extend the EOQ model? This inventory management tutorial by Professor Farhat explains why the basic economic order quantity model is not enough when demand and lead time are uncertain, and how reorder point and safety stock protect against stockouts. Ideal for CPA BAR and CMA candidates and finance and cost accounting students.
Try it free at farhatlectures.com — interactive exercises, lectures, simulations, cases, multiple choice, and AI tools for CPA, CMA, EA and students.
Frequently Asked Questions:
What is the reorder point?
The reorder point is the inventory level at which a new order should be placed. It is set so that on-hand inventory is expected to last through the supplier lead time, preventing a stockout before the next shipment arrives.
How is the reorder point calculated?
In its basic form, the reorder point equals expected demand during the lead time plus any safety stock. When demand and lead time are variable, safety stock is added to cushion against unexpected fluctuations.
What is safety stock?
Safety stock is extra inventory held as a buffer against uncertainty in demand or supplier lead time. It reduces the risk of running out of stock when usage is higher than expected or a delivery is delayed.
How does safety stock relate to the EOQ model?
The economic order quantity model minimizes ordering and carrying costs but assumes demand and lead time are certain. Reorder point and safety stock extend the model to handle the real-world risk of delays and demand spikes.
Why not simply let inventory reach zero before reordering?
Allowing inventory to hit zero leaves no cushion for supplier delays, logistics problems, or demand surges. A stockout can halt production or lose sales, so a reorder point and safety stock are used to manage that risk.
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