Can someone please elaborate us more on EOQ and how its linked for any Inventory part in IFS and all the relevant screens calculation steps and some live examples in brief.
Want to know where each term in EOQ is defined inside IFS starting from Ordering cost till Holding Cost and all the costing methodsin depth for any inventory part.
EOQ = sqrt[(2DC)/H]
C: Ordering Cost
D: Demand/Annual consumption
H: Holding Cost
Lastly Shortage and Back-order Cost
Both Deterministic and Probabilistic Inventory models