Masterclass Economic Order Quantity

This master class has been developed for tactical managers and planners who want to know how to achieve the optimum balance between ordering and inventory costs as well as how to apply this to "field". In this masterclass, we explore the theory around EOQ as well as how you can get started with the calculation. The interactive nature of this programme guarantees success!

During the Economic Order Quantity Masterclass you will get the chance to fully understand the formula and its application, identify several basic concepts of inventory costs, understand the ordering process and associated cost, interpret the numbers and  understand alternative calculations.

1 Day program

  • Exploring the EOQ formula and its applications
  • Identify different inventory costs: interest, space, and risk costs
  • Ordering processes and associated costs
  • Application of the formula
  • Examples of different article types and alternative calculations

The masterclass is for purchasing, logistics, and supply chain managers who are responsible for making ordering quantity decisions at tactical level or for preparing them. This program is at a Bachelor level and some statistical knowledge is required.

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