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.
Home Â» Knowledgebase Â» Here. By Joannes Vermorel, December 2016. Backorders represent purchase orders made to the supplier for products that are already out of stock from a given location being served. Backordering is the process of selling inventory the company doesnât have on hand. Backordering takes place only when the demand is captured in a formal manner: for example, in a retail store, most customers would simply move on when facing an out-of-shelf situation, without reporting the missing product to the store.