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Economic order quantity.
written 8.0 years ago by gravatar for teamques10 teamques10 ★ 70k modified 3.8 years ago by gravatar for pedsangini276 pedsangini276 • 4.8k

Mumbai University > Civil Engineering > SEM 8 > Construction Management

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construction management
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written 8.0 years ago by gravatar for teamques10 teamques10 ★ 70k

Economic order quantity is that size of reorder quantity for which the total inventory cost is minimum.

The main objective of materials management is to maintain supply of materials to an optimum level so as to provide acceptable customer service. In doing so the problems faced by the material manager …

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