The level at which a fresh order should be placed for

Solution

The level at which a fresh order should be placed for the replenishment of the stock is known as the "Re-order stock level" or "Reorder Point." The Reorder Point is the inventory level at which a new order should be placed with the supplier to avoid stockouts or shortages. When the stock level falls to or below the reorder point, it triggers a signal for the purchase department to place a new order to replenish the stock and maintain sufficient inventory levels to meet demand during the lead time (time taken for the new order to arrive).