The most important requirement for EOQ and ELS is consistency of independent demand over time with relatively smooth and regular withdrawal patterns of units from stock.

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EOQ (Economic Order Quantity) and ELS (Economic Lot Size) models assume consistency of independent demand over time with relatively smooth and regular withdrawal patterns of units from stock. This assumption allows for accurate forecasting and calculation of optimal inventory levels and order quantities. If demand is erratic and unpredictable, these models may not be suitable and other inventory management techniques may need to be considered. Therefore, consistency in demand and withdrawal patterns is a critical requirement for using EOQ and ELS.

The Most Important Requirement for EOQ and ELS Is Consistency