What term is used to describe when you need to restock?

A) inventory cycle
B) reorder point
C) reorder quantity
D) lead time

Reorder Point

The inventory level at which a new order should be placed to replenish stock before it runs out, preventing stockouts.

Inventory Cycle

The period of time from the point when inventory is at its highest until it is replenished.

Reorder Quantity

The amount of stock ordered when inventory levels reach a specific point, ensuring sufficient supply while minimizing holding costs.