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economic order quantity |
Also found in: Financial, Encyclopedia, Wikipedia | 0.04 sec. |
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That quantity derived from a mathematical technique used to determine the optimum (lowest) total variable costs required to order and hold inventory. 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 data warehouse holds the standards for the product, geography, time hierarchy, rules and workflow, as well as definitions for measures and calculations like activity-based costing, economic order quantity, gross margin and profit. Often, this process is repeated without any thought of such things as economic order quantity, negotiations of an annual contract, a systems contract or any number of other possibilities. The Materials and Inventory module offers tools to monitor and control the inventories of storerooms, providing economic order quantity and class calculations and assignments, while the Purchasing module ensures the correct parts are ordered, monitoring delivery times, vendor performance, payments and goods receipts. |
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