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economicorderquantity.org

Economic Order Quantity | EOQ | EconomicOrderQuantity.org

EconomicOrderQuantity.org - Quick Reference Economic Order Quantity Information. We provide an easy to use EOQ calculator, EOQ formula, explanation and sample problems.

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Economic Order Quantity | EOQ | EconomicOrderQuantity.org | economicorderquantity.org Reviews

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EconomicOrderQuantity.org - Quick Reference Economic Order Quantity Information. We provide an easy to use EOQ calculator, EOQ formula, explanation and sample problems.

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Economic Order Quantity | EOQ | EconomicOrderQuantity.org

http://www.economicorderquantity.org/index.php

Cost of placing an order, per order. Holding cost per unit, per year. The economic order quantity formula is:. EOQ = √ (2DS) / H. D is the Demand of the product per unit of time. S is the cost of placing the order, per order. H is time Holding cost per unit, per unit of time. Note that D and H must be for the same period of time (i.e. months, years, etc). EOQ Model with Quantity Discounts. December 20, 2013. What is Economic Order Quantity? Note: The $3 figure was just put in there to throw you off!

2

Periodic Review System | EconomicOrderQuantity.org

http://www.economicorderquantity.org/periodic-review-system.php

Calculator, Formula, Sample Problem. Established EOQ (if you need to find this, visit EOQ Calculator. Average item daily demand. Z value for confidence level (see below). Standard deviation for daily demand. Your RP is your review period, the number of days from one review to the next. TIL is your target inventory level. SS is your safety stock based on your confidence, or desired service level. Periodic Review System Formulae. The formulae for a periodic review system are as follows:. RP = EOQ / μ.

3

Price Discount | EconomicOrderQuantity.org

http://www.economicorderquantity.org/price-discount.php

Calculator, Formulae, Sample Problem. Item current selling price. Percent of mark-up - profit margin over cost. Average number of years to sell current entire stale inventory. Number of years to sell stock divided by 2. The Price Discount formula is:. D = S / (1 PNY). D is the discount price of the product. S is the current selling price of the item that is "stale" or not moving. N is the number of inventory turns for the item. What is Price Discounting and Why? EOQ Model with Quantity Discounts. We prov...

4

EOQ with Quantity Discounts | EconomicOrderQuantity.org

http://www.economicorderquantity.org/quantity-discounts.php

EOQ with Quantity Discounts. Cost of placing an order, per order. Annual Inventory Holding Cost: as percentage of item cost. Per Unit Cost of Item. EOQ With Quantity Discount Solution. EOQ with Quantity Discount Formula. The economic order quantity formula is:. EOQ = √ (2DS) / (IC). D is the Demand of the product per unit of time. S is the cost of placing the order. I represents annual inventory holding cost as percent of item total cost. C is unit cost of the item. EOQ Model with Quantity Discounts.

5

Reorder Point | EconomicOrderQuantity.org

http://www.economicorderquantity.org/reorder-point.php

Calculator, Formula and Sample Problem. Unit Demand per day. The reorder point formula is:. Reorder Point = SS (L * D). L is the average lead time to receive product. SS is the desired safety stock you wish to maintain. D is the number of sales you average per day. What is Reorder Point? Example Reorder Point Problem. Phew, say that 5 times fast! Their reorder point is: 55 units - Keep in mind you may move this up or down based on the EOQ and the quantity price breaks a vendor may offer. December 20, 2013.

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Economic Order Quantity | EOQ | EconomicOrderQuantity.org

Cost of placing an order, per order. Holding cost per unit, per year. The economic order quantity formula is:. EOQ = √ (2DS) / H. D is the Demand of the product per unit of time. S is the cost of placing the order, per order. H is time Holding cost per unit, per unit of time. Note that D and H must be for the same period of time (i.e. months, years, etc). EOQ Model with Quantity Discounts. December 20, 2013. What is Economic Order Quantity? Note: The $3 figure was just put in there to throw you off!

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