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- Usually this system allow us to adapt changes in customer demand and market trends, this reduce the risk of overstocking unsold items and keep inventory in levels efficient
- But some times takes the risk of productions delays, risk of stockouts, and always depends on the reliability of suppliers
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- Here we use the economic order quantity
- is a stock management method that determines the optimal quantity of products to order in a purchase to minimize the costs
- Is harder than the others because requires understanding algebra, Ignores Supplier Lead Time Constraints and we can’t incorporate seasonal demand
- But have benefits including balancing inventory levels, reducing the risk of waste and obsolescence goods and optimizing cash flow and working capital investment.
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- That is all, tomorrow you can start to work in one of the warehouse of your supervisor assignment you
- Mecalux. (s. f.). Cantidad Económica de Pedido (EOQ): cálculo y uso. Mecalux.com.mx. https://www.mecalux.com.mx/blog/cantidad-economica-pedido-eoq
- Roper, K. (2024, 27 marzo). The problem with the Economic Order Quantity (EOQ) model. EazyStock. https://www.eazystock.com/uk/blog-uk/problems-limitations-economic-order-quantity-eoq-model/
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- Okay, I’m very grateful with you for explain me all, I promise give my all
- ReferencesGlesmann, C. (2024, 1 julio). Understanding the Push Vs. Pull System | StockIQ. StockIQ Technologies. https://stockiqtech.com/blog/push-vs-pull-system/#:~:text=Keep%20in%20mind%20that%20around,system%20for%20specialized,%20customized%20orders.
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