APT Initiatives
APT Business & Economics Resources
Minimising Workloads, Maximising Performance
Established in 1999

Special Items

Economic order quantity

Is the optimum point at which the total cost of both ordering and carrying stock is minimal. Many businesses attempt to calculate the optimum order level for stock, which takes into account the ordering (accounting and clerical labour associated with placing an order), handling costs (ie handling stock deliveries), and the cost of holding / carrying stock (ie storage, insurance, finance).

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