Uploaded January 2020 | Updated September 2026, 3 hours ago

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#YouTubeTaughtMe

Inventory Management, Production and Operation Management,
Cost Accounting

ECONOMIC ORDER QUANTITY - 2

This video consists of the following:

1. Meaning and Concept of EOQ in Hindi
(Economic order quantity or Optimal order quantity)

2. Significance / Importance / Advantages of EOQ (Economic Order Quantity)
i. Unnecessary storage of the raw material is avoided.
ii. EOQ avoids running out of stock.
iii. EOQ avoids effects like fluctuations and shortage of material in the market .
iv. Devoted attention on only those items that are required.
v. Helps lower the inventory costs.


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