Economic Order Quantity EOQ - Revision history

Editor at 19:25, 16 March 2021

2021-03-16T19:25:07Z

← Older revision		Revision as of 19:25, 16 March 2021
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	* Corporate objectives for procurement.		* Corporate objectives for procurement.
	* Enterprise asset management.		* Enterprise asset management.
		+	* Enterprise resource planning ERP.
	* Facility procurement standards.		* Facility procurement standards.
	* Operational costs.		* Operational costs.

Designing Buildings at 05:54, 31 August 2020

2020-08-31T05:54:32Z

← Older revision		Revision as of 05:54, 31 August 2020
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	= Introduction =		= Introduction =

−	Economic Order Quantity (EOQ) is an inventory management method~~. The term~~ describes the minimum amount of inventory an organisation must ~~keep on hand~~ to optimise the size of ~~the order~~ and ~~its~~ associated costs. It is frequently used in operations, logistics and supply chain management.	+	Economic Order Quantity (EOQ) is an inventory management method that describes the minimum amount of inventory an organisation must have available to optimise the size of orders and their associated costs. It is frequently used in operations, logistics and supply chain management.

−	~~= History =~~	+	This purchasing and inventory management formula was developed in 1913 by Ford W. Harris. Harris was an American production engineer who worked for Westinghouse Electric. His square root formula is based on an understanding that certain key factors (demand, ordering and inventory costs) remain constant. It is one of the oldest classical production scheduling models.
−		+
−	This purchasing and inventory management formula was developed in 1913 by Ford W. Harris. Harris was an American production engineer who worked for Westinghouse Electric.	+
−		+
−	His square root formula ~~relies~~ on ~~the~~ understanding that certain key factors (demand, ordering and inventory costs) remain constant.It is one of the oldest classical production scheduling models.	+

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 17:43, 25 August 2020

2020-08-25T17:43:11Z

← Older revision		Revision as of 17:43, 25 August 2020
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	* Enterprise asset management.		* Enterprise asset management.
	* Facility procurement standards.		* Facility procurement standards.
		+	* Operational costs.
	* Suppliers for design and construction.		* Suppliers for design and construction.
	* Working capital.		* Working capital.

	[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]		[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 17:42, 25 August 2020

2020-08-25T17:42:16Z

← Older revision		Revision as of 17:42, 25 August 2020
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	{\|		{\|
−	\| [[File:EOQFormula.jpg]]	+	\| [[File:EOQFormula.jpg\|link=File:EOQFormula.jpg]]
	\|}		\|}

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	* Asset management.		* Asset management.
	* Corporate objectives for procurement.		* Corporate objectives for procurement.
		+	* Enterprise asset management.
	* Facility procurement standards.		* Facility procurement standards.
	* Suppliers for design and construction.		* Suppliers for design and construction.

Editor at 17:38, 25 August 2020

2020-08-25T17:38:15Z

← Older revision		Revision as of 17:38, 25 August 2020
Line 1:		Line 1:
		+	{\|
		+	\| [[File:EOQFormula.jpg]]
		+	\|}

		+	= Introduction =

−	[[Category:DCN_Definition]]	+	Economic Order Quantity (EOQ) is an inventory management method. The term describes the minimum amount of inventory an organisation must keep on hand to optimise the size of the order and its associated costs. It is frequently used in operations, logistics and supply chain management.
−	[[Category:Definitions]]	+
−	[[Category:Cost_/_business_planning]]	+	= History =
−	[[Category:Procurement]]	+
		+	This purchasing and inventory management formula was developed in 1913 by Ford W. Harris. Harris was an American production engineer who worked for Westinghouse Electric.
		+
		+	His square root formula relies on the understanding that certain key factors (demand, ordering and inventory costs) remain constant.It is one of the oldest classical production scheduling models.
		+
		+	= Related articles on Designing Buildings Wiki =
		+
		+	* Asset management.
		+	* Corporate objectives for procurement.
		+	* Facility procurement standards.
		+	* Suppliers for design and construction.
		+	* Working capital.
		+
		+	[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor: Created page with " Category:DCN_Definition Category:Definitions Category:Cost_/_business_planning Category:Procurement"

2020-08-25T17:32:51Z

Created page with " Category:DCN_Definition Category:Definitions Category:Cost_/_business_planning Category:Procurement"

New page

[[Category:DCN_Definition]]
[[Category:Definitions]]
[[Category:Cost_/_business_planning]]
[[Category:Procurement]]