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EQQ:Economic Order Quantity
Economic order quantity is commonly used in ordering parts for production.What is ECO? Include an example.What are the four assumptions on which economic-order quantities are based? For what kind of items are these assumptions valid? When are they not?How does ECO help purchasing manage inventory and production costs?
Dracca, Inc. ("Dracca") is a publicly-traded U.S. corporation that manufactures and distributes baby equipment in seven countries. It is based in St. Louis, MO, but has manufacturing facilities in Philadelphia, Sacramento, and Indonesia.
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