Economic Order Quantity (EOQ) Calculator
This calculator will compute the economic order quantity (EOQ) for a product or item, given the annual demand for the item, the annual carrying cost per unit of the item, and the fixed cost of placing and receiving an order.
Please enter the necessary parameter values, and then click 'Calculate'.
- The economic order quantity is the reorder quantity for a product or item that minimizes both administrative and carrying costs. The EOQ is critical for inventory planning decisions.