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The size of order that minimises the total cost of acquiring and holding stock is known as...
Suggested Answer: C
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For single items, an extra investment in inventory (higher levels of safety stock) will always in-crease customer service levels. Conversely, higher service levels imply larger quantities of safety stocks and an increased investment in inventory. (Procurement and Supply Chain Management - 9th Edition)
LO 2, AC 2.2
34 comments · newest first
HI
Hillary
11 months ago
Totally agree with B, it's the standard term!
DA
Dahlia
12 months ago
Wait, is it really called Economic Order Quantity? Sounds too fancy!
RE
Rebbecca
12 months ago
Just a fact: EOQ helps reduce costs effectively.
RO
Robt
1 year ago
I thought it was A at first, but B makes more sense.
AN
Antonio
1 year ago
It's definitely B, Economic Order Quantity!
TA
Tanja
1 year ago
I feel like we had a similar question in our study group, and I think the answer was Economic Order Quantity too.
LA
Laurel
1 year ago
I’m a bit confused. I thought it was just called order quantity, but now I’m second-guessing myself.
PA
Pansy
1 year ago
I remember something about minimizing costs, and I feel like it was definitely related to order quantity. Was it option B?
CR
Cristal
1 year ago
I think the answer is Economic Order Quantity, but I’m not completely sure. It sounds familiar from our last practice session.
ET
Ettie
1 year ago
Okay, let's see. The key here is that the new account owner can only see the Item records if they also own the Quota record. So we need to find a way to give them that access.
AM
Amie
1 year ago
This looks straightforward. I'll focus on the key benefits mentioned in the options, like restricting access based on organization and viewing asset information across multiple books.
KA
Kattie
1 year ago
I feel like "Client clipboard write allowed formats" is definitely one of the correct answers, but I can't recall if the other should focus on restricting or allowing something.
MA
Marvel
2 years ago
Wait, is there a trick question here? What if the answer is actually the amount that maximizes my snack budget?
LA
Larae
1 year ago
D) Average stock
BR
Brittani
1 year ago
C) The correct quantity
KI
Kimberely
1 year ago
B) Economic Order Quantity
JA
Jarod
1 year ago
A) Order quantity
PA
Pansy
1 year ago
D) Average stock
LE
Lea
1 year ago
C) The correct quantity
CA
Carlene
1 year ago
B) Economic Order Quantity
FE
Felicia
1 year ago
A) Order quantity
DE
Delmy
2 years ago
Haha, I almost went with D) Average stock. Sounds like something my professor would trick us with!
BE
Bernadine
2 years ago
Hmm, I was stuck between B) and D) Average stock. Glad I double-checked the definitions!
SH
Shawana
1 year ago
B) Economic Order Quantity
DO
Douglass
1 year ago
A) Order quantity
KA
Karima
2 years ago
I thought it was C) The correct quantity, but I guess B) is the more formal term.
CA
Cathrine
1 year ago
Yes, that's correct. B) Economic Order Quantity is the optimal order size.
CO
Corrinne
1 year ago
Oh, I see. So B) is the formal term for it.
EM
Emilio
2 years ago
Actually, it's B) Economic Order Quantity that minimises total cost.
PH
Phyliss
2 years ago
I always thought it was C) The correct quantity too.
KE
Kenny
2 years ago
I'm not sure, but I think it's A) Order quantity.
NE
Nettie
2 years ago
B) Economic Order Quantity, of course! That's the textbook answer.
RA
Raelene
2 years ago
I agree with Veda, because EOQ helps in minimizing total cost.
VE
Veda
2 years ago
I think the answer is B) Economic Order Quantity.