Determining economic order size, Business Management

Economic order size is that size of the order which gives maximum economy in purchasing any item of material. The other terms used for economic order size are economic lot quantity and economic buying quantity, the most advantageous economic quantity will be a point where the acquisition costs and inventory storing costs are equal. I ,e, where total costs to order and to carry material minimum ascertaining.

Posted Date: 3/26/2013 2:53:47 AM | Location : United States







Related Discussions:- Determining economic order size, Assignment Help, Ask Question on Determining economic order size, Get Answer, Expert's Help, Determining economic order size Discussions

Write discussion on Determining economic order size
Your posts are moderated
Related Questions
Briefly explain any five qualities of an outsourcing project leader. 1. Ability to embrace and support change. 2. Earned credibility across the organization. 3. A desire

Goals of Business process reengineering - The goals of business process Reengineering is as follows: - A) To reduce time B) To reduce cost C) For customer satisfaction

Leadership: In the 21 Indisputable Legislation of Leadership, John Maxwell sums up his interpretation of leadership as "leadership is sway - nothing extra, nothing fewer." Thi

What are the problems of Industrial markets? The problems of Industrial markets in India are as illustrated below: a. The customer base is minute and new markets or customer

Question: In this era of global competition, organizations are increasingly introducing Performance Management System (PMS) to improve organizational effectiveness. Many organ

QUESTION The term ‘globalisation' means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, financ

explain the various elements of the marketing process

calculate point elasticity of demand for demand functionq=10-2p for decrease in price from rs 3 to 2

OCR’s examination paper blunder Explanation and Identification of any two barriers to effective communication: e.g. jargon, technical faults, misunderstandings or poor communi

You have been asked to do a presentation about the uses of spreadsheets to aid the day to day running of processes within the different areas of their business, to solve complex pr