The EOQ formula from theory to practice in 7 steps
Owning, maintaining, and managing inventory costs a lot of effort and money. However, you need to have enough in stock to deliver customer service: no inventory, no deal.
This paper provides you with the basic knowledge you need for the optimization of your order quantities.
Ordering the right quantities will lower your operational expenses while boosting your return on inventory investment, thereby resulting into an integral optimization of your total supply chain costs.