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EOQ is the quantity that minimizes?

(a)Total Ordering Cost (b)Total Inventory Cost,

(c)Total Interest Cost (d)Safety Stock Level

Inventory Accuracy Inventory Management
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Question added by ABDUS SAKUR TALUKDER , Finance Manager , EMCOR Facilities Services LLC
Date Posted: 2016/02/25
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Vaseem Ahamad
by Vaseem Ahamad , Associate Director Operations , Perfetti Van Melle

Option number two i.e b is correct answer. Economic order quantity helps to reduce total inventory cost.

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