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Economic order quantity.
written 6.4 years ago by | modified 2.3 years ago by |
Mumbai University > Civil Engineering > SEM 8 > Construction Management
Marks: 5M
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written 6.4 years ago by | modified 2.3 years ago by |
Mumbai University > Civil Engineering > SEM 8 > Construction Management
Marks: 5M
written 6.4 years ago by |
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 …