Daily Archives: 8 December, 2021

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Economic Order Quantity: Definition, EOQ Formula, Calculation

BookkeepingBy RMES 8 December, 2021

It’s important to balance the theoretical EOQ with the realities of your supply chain and storage capabilities. Applying the EOQ formula indiscriminately to every product in your inventory can lead to inefficiencies. High-value items or products with irregular demand might require a different approach, such as Just-In-Time (JIT) inventory. Segment your inventory based on ABC…

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