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EOQ |
Also found in: Financial, Acronyms, Wikipedia | 0.02 sec. |
EOQ(Economic Order Quantity) The most economical quantity of a product that should be purchased at one time. The EOQ is based on all associated costs for ordering and maintaining the product. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The founding partners include: Unione Industriale di Torino (Turin Industrial Association), ANFIA (National Association of Automotive Industries, Italian IATF Oversight Office), AMMA (Metallurgic & Mechanical Industry Association), AICQ (Italian Association for Quality Culture), member of EOQ (European Organization for Quality) and CUNA (Technical Commission for Automotive Standardization). EOQ models answers the question of how much to order, but not the question of when to order. But calculating an EOQ involves a complicated algebraic equation. |
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