Explain economic order quantity (EOQ) by discussing the role of holding (carrying) costs, setup (ordering costs), lead time or reorder point, and discounts when making a decision on the quantities to order. Also, discuss JIT inventory control techniques and explain how small businesses can adopt these practices to improve financial performance.
Support your responses with examples.
Cite any sources in APA format.
Submission Details
Name your document SU_MGT4054_W4_A2_LastName_FirstInitial.doc.
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