What can you expect?

In this Masterclass, you will learn the ins & outs of the EOQ formula. You will learn how to apply the EOQ formula to cut costs throughout your supply chain. The interactive nature of this Masterclass ensures a fun learning environment with take-outs you can implement immediately.

Learning goals

Understand the formula and its history

Understand the fundamentals of inventory cost

Understand the ordering process and associated costs

Understand how to interpret your supply chain data

Apply alternative EOQ calculations

Programme details

This training course takes place over one day & covers the following topics:

A brief history of EOQ

Determining different types of inventory costs

Identify interest, space and risk costs

Outline the order processes & identify associated costs

Applying the formula

Examples of deviating article types and alternative calculations

Determining the optimal order cost

Level

The masterclass is designed for Purchasing, Logistics and Supply Chain managers with responsibility for determining order volumes. The Masterclass is at HBO level. An understanding of statistics is required to succeed in this masterclass.