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 reorder point for our basic EOQ model with constant demand and a constant lead time to receive an order is equal to the amount demanded during the lead time, The I-75 Discount Carpet Store in Example 12.2 is open 311 days per year.eorder Point with Variable Demand. To compute the reorder point with a safety stock that will meet a specific service level, we will assume the demand during each day of lead time is uncertain, independent, and can be described by a normal distribution.