The maximum quantity of stock that is planned to be held at any time. Once the reorder level has been set and the reorder quantity received, the quantity held in stock will be the target inventory level.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
