Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Fixed Order Quantity
- What does order quantity mean?
Fixed Order Quantity - What does order quantity mean?
the quantity of an item to be ordered when STOCKS of the item fall to a predetermined minimum stock level. The reorder quantity should serve to replenish stock to the planned maximum stock level. The optimum order quantity may be ascertained by means of a STOCKHOLDING MODEL.