Hello Sanket. EOQ is the base for most IM / Replenishment which happens in reality. In most cases the EOQ is built into the system (ERP) itself. Depending on the sector the input parameters and the actual core calculations (algorithms) are refined / changed to yield better results. - Alvis Lazarus Supply Chain Consultant
Do we follow EOQ in real life, or does it remain in books only?
Hello Sanket. EOQ is the base for most IM / Replenishment which happens in reality. In most cases the EOQ is built into the system (ERP) itself. Depending on the sector the input parameters and the actual core calculations (algorithms) are refined / changed to yield better results.
- Alvis Lazarus
Supply Chain Consultant