The Economic Order Quantity Calculator finds the order size that minimizes the sum of ordering costs and holding costs over a year. EOQ is a foundational inventory-management formula used by procurement, operations, and supply-chain teams.
How to Use Economic Order Quantity Calculator
- Enter annual demand (D) in units.
- Enter cost per order (S) and annual holding cost per unit (H).
- Specify the number of working days per year.
- Review EOQ, orders per year, average inventory, cycle time, and minimum total cost.
Formula & Theory - Economic Order Quantity Calculator
EOQ = sqrt((2 × D × S) / H)
orders_per_year = D / EOQ
avg_inventory = EOQ / 2
cycle_days = days_per_year / orders_per_year
total_cost = (orders × S) + (avg_inventory × H)
Use Cases for Economic Order Quantity Calculator
- Plan replenishment cycles for raw materials and finished goods.
- Minimize total inventory cost for steady-demand SKUs.
- Support negotiations with suppliers on order frequency.
- Compare EOQ with current ordering patterns to find savings.