Use Wilson formula to calculate Economical Quantity on ABC log Classes Price * Consumption
EOQ stands for Economic Order Quantity. It is the quantity ordered from the supplier to allow replenishment while minimizing the total cost of the stock.
The stock level reaches the order point when the order is triggered.
The EOQ is calculated with the aim of minimizing a synergy of costs such as purchasing cost, storage cost. Optimizing the order quantity is additional to optimizing the safety stock.
To do this, the Wilson formula is used. This is a stock optimization formula. In order to be able to calculate the economic order quantity in your company.