Different companies and industries may have different types of refurbished products. Since the electronics industry doesn't have a firm, widely accepted definition of refurbished, its exact meaning may vary from one product to the next, or one company to the next.ifferent companies and industries may have different types of refurbished products. Since the electronics industry doesn't have a firm, widely accepted definition of refurbished, its exact meaning may vary from one product to the next, or one company to the next.
What is a Reorder Point? A reorder point is the level at which a specific item found within an inventory should be replenished by way of placing an order with a supplier.Watch the Did-You-Know slideshow. Follow @wiseGEEK.hat is a Reorder Point? A reorder point is the level at which a specific item found within an inventory should be replenished by way of placing an order with a supplier.
The first policy choice is through a system called a fixed-order quantity system. Therefore, two variables define this system and answer the two basic questions of when to order and how much. The first is an order quantity, Q, and the second is a reorder point, ROP.