Inventory control by economic order quantity orders replacements whenever inventory level falls to a predetermined point.

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Huy?n Trang · Accepted Answer

Final Answer : True, Explanation :  Economic Order Quantity (EOQ) is a formula used in inventory management to determine the optimal order quantity that minimizes the total costs of holding inventory and ordering. It involves ordering replacements when inventory levels fall to a predetermined reorder point, ensuring a balance between holding costs and ordering costs.

Inventory control by economic order quantity orders replacements whenever inventory level falls to a predetermined point.

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