True or False: The EOQ approach to managing inventory has been gaining popularity in recent years.

Question

Quizplus · Accepted Answer

The EOQ (Economic Order Quantity) model is a traditional inventory management approach that has been around for decades. While it remains a useful tool, newer inventory management techniques and technologies, such as just-in-time (JIT) and advanced software solutions, have gained more popularity in recent years.

True or False: the EOQ Approach to Managing Inventory Has