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Optimize your procurement by finding the ideal order size that minimizes the sum of ordering and holding costs.
Everything you need to know about EOQ Calculator
It is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs and setup costs.
Why use EOQ?
EOQ balances the cost of ordering against the cost of holding stock. At 707 units, your annual ordering cost (₹707) and holding cost (₹707) are perfectly balanced for maximum efficiency.