GRA's Charles Edwards authored an article published in MHD Magazine 'Why Your Economic Order Quantities Are Not Very Economical'.
The article explains how Economic Order Quantities (the inventory order quantities which minimise annual supply chain carrying and receiving costs) are very useful in supply chain optimisation. All too frequently, however, its key inputs, carrying and receiving cost, are incorrectly calculated yielding unnecessary and wasteful additional supply chain costs. By redefining how the inputs of Economic Order Quantities are determined, your organisation can cut costs while maintaining and improving on all other supply chain performance metrics.
Read the EOQ Article.