Reorder Point (ROP)
The reorder point is a specific inventory level at which an action is triggered to replenish the stock of an item. It is calculated based on the lead time demand and safety stock, ensuring that new stock arrives before the existing inventory runs out. Setting accurate ROPs is crucial in maintenance inventory management to avoid stockouts of critical spare parts and materials, thereby preventing potential downtime.
Our 30-day, risk free trial is only $199.
AssetWatch customers save on average 8x in ROI. That means for every $1 you give us, we give $8 back to you.
Includes professional installation of up to 200 sensors (a $10k+ value)
24/7 monitoring and a dedicated CME for your site
AssetWatch cloud-based software with unlimited licenses
No CapEx, Engineering or IT integration required