The economic order quantity (EOQ)model solely guides just-in-time purchasing.
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Name: The economic order quantity (EOQ)model solely guides just-in-time purchasing. Variant question
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The economic order quantity (EOQ) model is a calculation used to determine the optimal order size for a given item in order to minimize the total inventory costs. It can be used for various inventory management approaches, not just just-in-time purchasing.

The Economic Order Quantity (EOQ)model Solely Guides Just-In-Time Purchasing