Economic Order Quantity, timing of orders and safety stock are three important considerations in inventory management.
Required:
A. Explain each of these considerations.
B. How is EOQ affected by the timing of orders and safety stock?

Question

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The Answer of Economic Order Quantity, timing of orders and safety stock are three important considerations in inventory management.
Required:
A. Explain each of these considerations.
B. How is EOQ affected by the timing of orders and safety stock?

Economic Order Quantity, Timing of Orders and Safety Stock Are