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Economic Order Quantity (EOQ) | Explained With Example

In this lesson, we explain what Economic Order Quantity (EOQ) is and why it is calculated. We go through the EOQ formula with the help of an example. We also explain the total carrying value formula and the total restocking costs formula. We go through the re-order levels in units formula, safety stock, and re-order point. Check it out. FIFO ...

178.9K viewsApr 26, 2019

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