Slimstock - EOQ from theory to practice
Whether it consists of raw materials or end-products: inventory is unavoidably one of the largest single assets on your balance sheet
Whether it consists of raw materials or end-products: inventory is unavoidably one of the largest single assets on your balance sheet. In the manufacturing industry, around 37% of total costs consist of inventory costs, while for retailers and wholesalers even more than half of the total costs are caused by inventory. Owning, maintaining, and managing inventory costs a lot of effort and money. However, you need to have enough in stock to deliver customer service: no inventory, no deal. This video discusses an indispensable inventory management figure: the economic order quantity.
Download our EOQ whitepaper here: http://www.slimstock.com/en/download-brochures/whitepaper-eoq
