One inventory control function that is important to the conversion process is the determination of _______ _______ ______, or the most efficient quantity of products to purchase.
A)Economic purchase amount
B)Economic order quantities
C)Materials resource quantities
D)Resource purchase quantities

Question

One inventory control function that is important to the conversion process is the determination of _______ _______ ______, or the most efficient quantity of products to purchase.
A)Economic purchase amount
B)Economic order quantities
C)Materials resource quantities 
D)Resource purchase quantities

Quizplus · Accepted Answer

Economic order quantities (EOQ) is the most efficient quantity of products to purchase. It takes into account the cost of ordering, holding, and shortage costs to determine the optimal order size. By using EOQ, a business can minimize inventory costs while ensuring that enough inventory is available to meet demand.

One Inventory Control Function That Is Important to the Conversion