The optimal order quantity, also called the economic order quantity, is the most cost-effective amount of a product to purchase at a given time. It's an important calculation, because holding too much ...

Small businesses require an efficient inventory system to maximize profit. The Economic Order Quantity model is a commonly used element of a continuous review inventory system. It is based on a ...

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Economic order ...