- Project plans
- Project activities
- Legislation and standards
- Industry context
- Specialist wikis
Last edited 16 Mar 2021
Economic Order Quantity EOQ
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.
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.
 Related articles on Designing Buildings Wiki
Featured articles and news
The virtual learning event examines Historic Places - People Places.
Getting post-pandemic infrastructure on the right track.
One of England's grandest country houses.
Take just two minutes to provide your feedback.
An update of standards and regulations is under consideration.
Exploring the key to the adoption of this abundant energy source.
His clients have ranged from Liberace to St Nick to world-class athletes.
These tactical structures can be permanent or temporary.
Organisation recognises milestones of the project's next phase.
Welding and metalworking businesses must manage respiratory risks.
New report explores how regulations are being put into action.
The golden thread and BS 8644-1.
Bitumen binder may delay road surface deterioration.