When companies set out to determine the order size that minimises total inventory costs, the Economic Order Quantity model—universally abbreviated EOQ—provides the calculation framework.
Source: https://en.wikipedia.org/wiki/Economic_order_quantity
Matching tools and partners
You might also be interested in these terms
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.