Economic order quantity (EOQ) is the optimum number of products that a business should purchase in order to minimize holding and ordering costs. Knowing the EOQ can help businesses save a significant amount of money through cost optimization. Economic order quantity is sometimes known as Economic purchase quantity.
Your EOQ is the optimum number of products you should purchase to minimize the total cost of ordering or holding stock. Figuring out your EOQ can potentially save you a significant amount of money.
Your EOQ is the optimum number of products you should purchase to minimize the total cost of ordering or holding stock. Figuring out your EOQ can potentially save you a significant amount of money.
Your EOQ is the optimum number of products you should purchase to minimize the total cost of ordering or holding stock. Figuring out your EOQ can potentially save you a significant amount of money.