EOQ - Economic Order Quantity
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** Featured in iTunes Top 5 New and Noteworthy App in July 2010! ***
Increase your business's cost efficiency by reducing the costs of ordering and holding inventory by using the Economic Order Quantity Calculator.
The economic order quantity (EOQ) model can be used to identify the the optimal purchase quantity of an item to minimise the costs of both holding (i.e. warehouse costs) and ordering the material (i.e. delivery costs).
This model aims to identify the frequency of orders and quantity that will minimise these associated costs.
The app has been designed to be as user friendly to use as possible. Please contact me through my website's contact page if you have any suggestions for future updates.