article published by Gonzalez & Gonzales D, 2010
The EOQ formula has been used since the early 1900s yet some managers still do not how to apply it. Read the article published by Gonzalez & Gonzales D, 2010. Now imagine that you are a demand planner for a procurement department that is thinking about using the EOQ formula to determine the optimal order quantity to avoid stock-outs. Submit a two to three paragraph post (approximately 500 words) to discuss your recommendations on why or why not the procurement director should use the EOQ formula.