InventoryManufacturing TipsSupply Chain What Is Economic Order Quantity (EOQ) and the EOQ Formula? Economic order quantity is a supply chain management technique used to determine the optimal lot size per order. This is done in order to avoid stockouts and overstocking, thereby balancing inventory costs and opportunity costs. By Madis Kuuse 9 min read
AccountingInventoryManufacturing Tips Inventory Costs – A Quick Overview Inventory costs make up a substantial part of any manufacturing or distributing company’s total expenses. To ensure the good financial health of your business, it is necessary to know how to make sense of these expenses and how to balance them. By Madis Kuuse 9 min read
