If the forecasted sales or usage rate is not accurate,the EOQ model may not lead to efficient inventory management.

Name: If the forecasted sales or usage rate is not accurate,the EOQ model may not lead to efficient inventory management.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The EOQ model assumes accurate forecasts of demand, and if the forecasts are incorrect, the model may generate orders that do not meet the actual demand, leading to inefficient inventory management.

If the Forecasted Sales or Usage Rate Is Not Accurate,the