economic order quantity

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Economic order quantity (EOQ)

The order quantity that minimizes total inventory costs.

Economic Order Quantity

The number of orders a brokerage receives and must fill that minimizes its obligation to keep inventory. The economic order quantity reduces the brokerage's costs to the least possible level.

economic order quantity

References in periodicals archive ?
Setting up concrete methods for calculating economic order quantities and safety stocks.
When you eliminate the need for stockpiling materials, or economic order quantities, you gain flexibility and savings.
It then properly manages multilevel lead times and economic order quantities to optimize inventory at all distribution points across the entire network.

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