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!

Why take this training session?

Understand and apply the Economic Order Quantity formula. Interpret the numbers and identify if and when other variants of the formula can be used.

Learning goals

Economies Order Quantity

  • Fully understand the formula and its application
  • Identify several basic concepts of inventory costs
  • Understand the ordering process and associated costs
  • Interpret the numbers
  • Understand alternative calculations

Program

This training program will take 1 day to complete. Coffee, tea, soft drinks and lunch will all be provided.

Format of the day

  • 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

Level

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 programme is at an HBO level and some statistical knowledge is required.

Location

Slimstock UK HQ,
Grosvenor House,
Prospect Hill, Redditch,
Worcestershire,
B97 4DL

Cost

The cost will be £550 excl. VAT per person including teaching materials, coffee/tea and lunch.

PLEASE NOTE: For full service customers, this training is free!

2019 Dates

19th March 2019

17th September 2019

26th November 2019

Register Now!

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Slimstock UK

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