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Definition of Conomic order quantity

Conomic order quantity:

"EOQ is calculated to balance expected cost of acquisition for stock against the expected costs to hold the stock. "

Get more definitions about Conomic order quantity and other ERP related terms here. Learn everything you need about ERP software here.

Terms related to Conomic order quantity:
  Blanket order
  Customer order
  Engineering change order
  Firm planned order
  Make or buy analysis
  Manufacturing order
  Open order
  Period order quantity
  planned order
  planned order receipt
  planned order release
  Planned orders
  production order
  purchase order
  purchase to order (PTO)
  Shop order
  Standing orders
  work order

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