Reorder Point (ROP) Calculator
Determine exactly when to reorder stock to avoid stockouts and overstocking.
Inventory Variables
Your Ideal Reorder Point
900
UnitsWhen your inventory level drops to 900 units, it is time to place a new order!
700
(Sales while waiting)200
(Emergency Stock)What is a Reorder Point (ROP)?
The Reorder Point (ROP) is the specific level of inventory that triggers an action to replenish that particular inventory stock. It is a minimum amount of an item which a firm holds in stock, such that, when stock falls to this amount, the item must be reordered.
Calculating the Reorder Point ensures that your business does not run out of stock while waiting for a supplier's delivery (lead time demand), nor do you tie up too much capital in excess inventory.
The Reorder Point Formula
ROP = (Average Daily Sales × Lead Time in Days) + Safety Stock
Key Terms
- Lead Time Demand: The number of products you will sell during the time it takes for your supplier to deliver your new order.
- Lead Time: The exact number of days between placing an order with a vendor and receiving it in your warehouse.
- Safety Stock: Buffer inventory kept on hand in case there is a sudden spike in demand or a delay from your supplier.