Managing inventory explain economic order quantity eoq by, Operation Management

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Managing inventory explain economic order quantity eoq by

Managing Inventory Explain economic order quantity (EOQ) by discussing the role of holding (carrying) costs, setup (ordering costs), lead time or reorder point, and discounts when making a decision on the quantities to order. Also, discuss JIT inventory control techniques and explain how small businesses can adopt these practices to improve financial performance. Support your responses with examples.

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Operation Management: Managing inventory explain economic order quantity eoq by

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