Reorder Point is the inventory stock level at which you need to replenish your supply. It’s a critical part of inventory management and should be monitored closely – especially in businesses operating with higher stock volume or with items that are expensive or perishable. By keeping track of your Reorder Point, you can ensure that you don’t let your stock run too low, and avoid having to wait for longer delivery times on rush orders. This helps maintain customer satisfaction, save time and money, and prevent stockouts!