What is EOQ (Economic Order Quantity)?

EOQ assists companies in ordering the right amount of goods as to minimize the overall costs of ordering and storing goods. It achieves a balance where incurring costs of the storage of goods and costs of issuing of purchase orders are minimized. Businesses operating with this formula can be lean and at the same time have sufficient supplies.

How Zapro can help: Zapro handles complicated inventory management calculations and helps you find the most economical quantity to order for every product.

Learn about Just-in-Time Inventory (JIT) Explained: The 2-Minute Plain-English Guide