A particular inventory manager orders items only in quantities that minimize inventory costs. What is this restocking quantity called?
A) Short order quantity
B) Refill unit quantity
C) Economic order quantity
D) Minimum stock level
E) Re-order limit

Question

Quizplus · Accepted Answer

The restocking quantity that minimizes inventory costs is known as the Economic Order Quantity (EOQ).

A Particular Inventory Manager Orders Items Only in Quantities That