Retail

We help you discover the technical terms and acronyms of the Retail industry.

r

Reorder level

Stock quantity level that is controlled by the issue of an order. The reorder level is usually calculated by considering the demand during the lead time and the safety stock.

Reordering costs

The total cost of issuing a repeat order of an item, externally from a supplier, or for an internal product. Costs may include elements to cover order preparation, administration and IT overheads etc.