Time-Phased ROP
Commonly referred to as “TPROP” (Time-Phased ROP).
Time-Phased ROP (TPROP) is an Order Policy that places orders over the horizon when projected inventory is expected to fall below ROP. Each day in the horizon has an inventory value that is updated by the following:
• Incoming and outgoing orders
• Daily forecast need
• Sales order need
• Incoming good and bad parts from sales returns and return forecast