Question

what is EOQ?What are its benefits and how it is useful?​

Answer 1

Explanation:

Economic order quantity is the lowest amount of inventory you must order to meet peak customer demand without going out of stock and without producing obsolete inventory. That's the ideal use ofEOQ. Its purpose is to reduce inventory as much as possible to keep the cost of inventory as low as possible.

Answer 2

Explanation:

EOQEOQare its benefits