Resource title

Economic Order Quantity (EOQ)

Resource image

image for OpenScout resource :: Economic Order Quantity (EOQ)

Resource description

The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory—such as holding costs, order costs, and shortage costs. The EOQ is used as part of a continuous review inventory system, in which the level of inventory is monitored at all times, and a fixed quantity is ordered each time the inventory level reaches a specific reorder point.

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Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/small/Di-Eq/Economic-Order-Quantity-EOQ.html

Resource license

Copyright © 2011 Advameg, Inc.