The lot-sizing technique which almost eliminates inventory-holding costs is ______.
A)lot for lot
B)economic order quantity
C)economic production quantity
D)fixed-order quantity

Question

Quizplus · Accepted Answer

Lot for lot is a lot-sizing technique where the exact quantity needed for a specific period is ordered, which reduces inventory-holding costs by almost eliminating excess inventory. It is particularly useful for products with short shelf lives or for products with uncertain demand.

The Lot-Sizing Technique Which Almost Eliminates Inventory-Holding Costs Is ______