Economic Order Quantity. The amount of orders that minimizes total variable costs required to order and hold inventory.

Use EOQ in a sentence

You should try to be efficient with your EOQ so that you do not spend to much time on things that aren't necessary.

​ Was this Helpful? YES  NO 11 people found this helpful.

Once they identified their EOQ, they could then determine the amount of inventory they needed to have on hand to minimize their total costs.

​ Was this Helpful? YES  NO 3 people found this helpful.

Every rational inventory manager should start from an EOQ when deciding inventory, but must take into account 'zero inventory' principles for some production schedules.

​ Was this Helpful? YES  NO 9 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
envy ratio epitome