The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory—such as holding costs, order costs, and ...

Managing inventory for a small business is a balancing act with supply and demand on one side and costs on the other. Carrying too much inventory leaves a company with a larger dollar investment and ...

Multiple inventory control methods exist including aggregate control, item level control, ABC analysis, economic-order-quantity and lot-size methods. Small companies that find it difficult to ...

QUESTION: For materials that are controlled by the customer, and customers that don’t mind holding excess inventory, what are the key lessons we could use to educate customers about reducing inventory ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The (s, S) form of the periodic review inventory control system has been claimed theoretically to be the best for the management of items of low and intermittent demand. Various heuristic procedures ...