Bookcover of EOQ in a Just in Time (JIT) World: An Empirical Analysis
Booktitle:

EOQ in a Just in Time (JIT) World: An Empirical Analysis

LAP LAMBERT Academic Publishing (2015-03-31 )

Books loader

Omni badge eligible for voucher
ISBN-13:

978-3-659-46472-0

ISBN-10:
3659464724
EAN:
9783659464720
Book language:
English
Blurb/Shorttext:
With today’s uncertain economy, companies are searching for alternative methods to keep ahead of their competitors by effectively driving sales and by cost reduction. Big manufacturing companies – as well as other companies, do not stand a chance in today’s environment if they do not have an appropriate inventory control model intact. The Economic Order Quantity (EOQ) and Just in Time (JIT) have been used for many years, but yet some companies have not taken advantage of it. An Economic order quantity could assist in deciding what would be the best optimal order quantity at the company’s lowest price. Similarly JIT focuses on providing customers with stocks at the right time and with the right quantity thereby reducing in process inventory and carrying costs and maximizing profits at the same time (Gonzalez and Gonzalez, 2010). All these in place in any organization are known as its inventory management system which invariable needs to be as efficient as possible in other to reduce costs and translate in profit maximization. In recent times there has been a clarion call to abandon EOQ model in place of JIT.
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Promise Ordu, Uwaoma Ironkwe
Number of pages:
56
Published on:
2015-03-31
Stock:
Available
Category:
Business management
Price:
35.90 €
Keywords:
EOQ Variables, Economic Order Quantity, Just in time, EQQ, Nigerian Bottling Company Plc and Regression Analysis

Books loader

Newsletter

Adyen::amex Adyen::mc Adyen::visa Adyen::cup Adyen::unionpay Paypal Wire Transfer

  0 products in the shopping cart
Edit cart
Loading frontend
LOADING