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MRPeasy Manufacturing Podcast

MRPeasy Manufacturing Podcast

Business

What Is Economic Order Quantity (EOQ) and the EOQ Formula?

What Is Economic Order Quantity (EOQ) and the EOQ Formula?

2023-02-15
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Economic order quantity is a supply chain management technique used to determine the optimal lot size per order. This is done in order to avoid stockouts and overstocking, thereby balancing inventory costs and opportunity costs.

You can learn more about it from this episode or read the article here with examples. 

More information about MRPeasy software at our website mrpeasy.com

view more

More Episodes

Warehouse Management – A Comprehensive Guide
2024-11-13 70
What are Stockouts and How to Prevent Them?
2024-11-06 79
What Is a Job Shop? Job Shop Manufacturing Explained
2024-10-30 95
Plan Do Check Act – Implementing PDCA in Manufacturing
2024-10-23 102
On-Time In-Full (OTIF) – A Complete Guide
2024-10-16 118
Order Picking – A Quick Guide to Greater Efficiency
2024-10-09 107
Marine Drone Manufacturer Navigates Business Complexities with MRP Software
2024-10-02 92
What Is MRO Inventory and How to Manage It?
2024-09-18 144
What Is Piece Rate Pay and How to Manage It?
2024-09-11 128
Continuous Improvement – Implementing CI in Manufacturing
2024-09-04 131
Custom Plastic Components Manufacturer Achieves Full Traceability with MRP Software
2024-08-28 114
Days Sales in Inventory – What is DSI and Why is it Important
2024-08-21 126
Why It’s Good to Have a B2B Customer Portal in Your ERP System
2024-08-14 133
Specialty Food Manufacturer Meets FDA Requirements and Sustains Growth with MRP Software
2024-08-07 116
Sonar Systems Manufacturer Cuts Material Planning Time by 90% with MRP Software
2024-07-31 113
What is Poka-yoke and How To Use it in Manufacturing?
2024-07-24 153
What Is Process Improvement and How to Implement It?
2024-07-17 155
ABC Analysis (80/20 Rule) in Inventory Management
2024-07-10 212
Manufacturing Operations Management Processes and Tips
2024-07-03 177
Sustainable Textiles Manufacturer Eliminates Stockouts with MRP Software
2024-06-26 109
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