applied decisions methods discussion 4 1

Module 4

It is really frustrating to run out of stock. Why wouldnâ€™t an organization always store large quantities of inventory to eliminate shortages and stockouts?

The Economic Order Quantity (EOQ) model is helpful in determining accurate inventory decisions. Discuss the major inventory costs that are used in determining the EOQ. Propose an example from your own experience or what you could imagine where EOQ could be used to improve inventory decisions.

Your initial response to the question is due on Thursday; please respond to two classmates by Sunday. In all discussion question responses ensure that you correctly reference sources you used in researching and analyzing your response. Use appropriate scholarly citation methods.

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