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Course Description

In this lesson, you will practice using the Economic Order Quantity (EOQ) model to calculate the optimal amount of inventory at any given time. Using a special case of the EOQ model, you will apply discounts to items to determine the inventory level that minimizes inventory costs. You will then determine the reorder point that meets your organization's service levels.

Benefits to the Learner

  • Calculate the inventory level that minimizes overall inventory costs      
  • Determine the appropriate reorder point to ensure required service levels while minimizing inventory investment
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Type
self-paced (non-instructor led)
Dates
Jan 25, 2022 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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