Supply Chain Logistics Glossary
R
RADIO FREQUENCY LABELS
See Intelligent Label.
REPLACEMENT COST
See NIFO.
Compliments of: www.logixsource.com Page 12
Source: www.logistics-mag.com
REPLENISHMENT
Approach to determining the order quantity and order date of stocks. There are 4 traditional replenishment policies: Date-Managed Inventory, Replenishment method, Order Point method, and replenishment of variable quantities at variable dates.
REPLENISHMENT LEVEL
Replenishment policy using fixed dates and variable quantities. In each period a quantity is ordered to reach the previously defined optimal stock level.
RETAIL MANAGEMENT REPLENISHMENT (RMR)
Continuous replenishment approach directed by the distributor. On the basis of their sales forecasts they develop the replenishment programs and transmit them to their suppliers. The suppliers replenish the distributor warehouses according to delivery requests from the distributors.
REVERSE LOGISTICS
Process for handling merchandise return: Requested by consumers because of errors or technical problems requiring repair; initiated by the company to recycle or eliminate products at the end of their life or put a value on them (on the used market for example, for certain manufactured products).
