Coordinating the ordering of several products that are supplied by the same vendor or have comparable demand cycles is known as joint replenishment. Consolidating purchase orders is intended to reduce expenses associated with handling, transportation, and procurement. For instance, a business might order all of its products at regular intervals rather than ordering each one separately as it reaches its reorder points. Retailers and distributors who handle a large number of SKUs will find this method especially helpful as it streamlines operations and lowers ordering costs.
