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Explain economic order quantity (EOQ) by discussing the role of holding (carrying) costs, setup (ordering costs), lead time or reorder point, and discounts when making a decision on the quantities to order. Also, discuss JIT inventory control techniques and explain how small businesses can adopt these practices to improve financial performance.

Support your responses with examples.

Cite any sources in APA format.

Submission Details

Name your document SU_MGT4054_W4_A2_LastName_FirstInitial.doc.

Submit your document to the W4 Assignment 2 Dropbox by Tuesday, December 8, 2015.

Assignment 2 Grading Criteria
Maximum Points
Explained holding (carrying) costs.
5
Explained setup (ordering) costs.
5
Explained lead time or reorder point.
5
Explained how discounts impact the EOQ decision.
15
Explained JIT and how it improves financial performance.
15
Used correct spelling, grammar, and professional vocabulary. Cited all sources using APA format.
5
Total:
50
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    phyllis young
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