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How to Do Economic Order Quantity Analysis: 17 Steps - wikiHow

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Economic Order Quantity EOQ in Operation Management : Visit for customized academic assistance in an affordable price for Operation Management Assignment Help.

Ethan Chavez- I really liked this video of EOQ, Economic Order Quantity, because it does a great job at explaining the components of the EOQ formula and gives a real world example of why it is important. As explained you could make multiple orders of the same quantity but you may occur high ordering cost and if you order all at once you may have high carrying costs, very simplistic example to understand the concept behind EOQ.


Vskills certification for Inventory Manager assesses the candidate as per the company’s need for store or logistics of goods. The certification tests the candidates on various areas in economic order quantity, known or uncertain demand models, forecasting demand, aggregate planning, master schedules and just-in-time.


Inventory can be valued in number of ways, FIFO, LIFO and AVCO being the most famous. To learn few more inventory valuation methods have a quick look at this: What are different inventory valuation methods? Entities purchase inventory as and when they feel the need or based on a particular method for example Economic Order Quantity (EOQ).