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

see STOCKHOLDING ( INVENTORY) COSTS.
References in periodicals archive ?
Setting up concrete methods for calculating economic order quantities and safety stocks.
It then properly manages multilevel lead times and economic order quantities to optimize inventory at all distribution points across the entire network.
Elogex allows us to deliver on our promises of 24-hour order response times and lower economic order quantities by managing supply chains for multiple companies on a single platform.
We also modified economic order quantities and increased store inventory levels to prepare for the anticipated increase in seasonal demand and a multi-media sales event that begins in mid-May.

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