Which of the following is an advantage of using the EOQ model?
A) helps managers make decisions about when and how much of a product to order
B) improving productivity and quality by reducing labor and equipment time
C) provides information about which inventory items require the most attention
D) increasing customer satisfaction by decreasing the time required to make and deliver the product or service

Question

Quizplus · Accepted Answer

The EOQ model helps managers determine the optimal order quantity to minimize inventory costs while ensuring that there is enough inventory to meet demand. This can lead to more efficient inventory management and cost savings.

Which of the Following Is an Advantage of Using the EOQ