Ideal Inventory Control for a Manufacturing Business; Economic Order Quantity
Number of pages:
20
ABSTRACT:
This 20 page paper is an examination of the Economic Order Quantity (EOQ) system of inventory control. This system seeks to optimize the use of resources by deterring the most appropriate levels of stock ordering to minimise holding and order costs. The paper considers why this is a good system of stock control, how it works, whether it works with or contradicts just in time (JIT) inventory management and gives an example of its use. The bibliography cites 8 sources.
FILE NAME:
File: TS14_TEEOQinv.rtf
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