Relationship between purchasing and the classical eoq models

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Reference no: EM131267905

1: What is the relationship between purchasing and the classical EOQ models? How are the quantity discounts evaluated when using the classical EOQ model? How is safety stock determined in the classical EOQ model?

2: What are the differences between the classical EOQ inventory systems and MRP?

3: Why is inventory management important to the efficiency of the purchasing function?

Reference no: EM131267905

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