ERP Term
"Fixed Order Quantity"

When the inventory of an item falls below its reorder point, a predetermined quantity is reordered.

Fixed Order Quantity (FOQ) is a type of inventory management in which a predetermined quantity is reordered when inventory falls below the reorder point. This approach is often used for items with high demand and low turnover. FOQ can help ensure enough stock is on hand to meet customer demand while minimizing the costs associated with excess or obsolete inventory. 

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