Simple EOQ Calculator for Android 1.07

Simple EOQ Calculator for Android is a powerful business software that helps companies to optimize their inventory management and supply chain efficiency. If you run a company that needs to hold stock, you know that there are two major costs involved: the cost of holding inventory and the cost of ordering. Both costs work in such a way that you need to balance them; there is a trade-off: stock too much, and your holding costs will eat your profits, keep your ordering frequency at high levels, and your ordering costs will increase.

For the sake of supply chain management efficiency, there are many models available. However, one of the most utilized systems is back from 1913 - the 'Economic Order Quantity' (EOQ) model developed by Production Engineer Ford Harris. Simple EOQ Calculator allows you to calculate the order size and reorder point that minimizes the total cost of purchasing, ordering, and holding stocks.

The simplicity of this model resides in its ability to calculate such optimal quantity only considering three figures: demand, ordering cost, and holding cost. Simple EOQ Calculator calculates the EOQ given an annual demand estimate together with total yearly orders and total annual cost. Further, you can choose to calculate the EOQ when shortages may arise; this possibility may come from either a technical perspective (it is possible to backorder), or from a commercial possibility (customers do not cancel an order whenever there is no inventory available but wait for backordering process).

If you consider demand uncertain then calculator will make use of 'Newsvendor model', it will calculate optimal monthly order given selling price of product, your costs, average monthly demand, and its standard deviation. This is most used model to calculate optimal order size when demand unknown only mean demand &demand variance known.

With Simple EOQ Calculator for Android on hand as part of your business software suite,you can easily determine how much inventory should be ordered at any given time based on current sales trends or other factors affecting customer demands.This tool provides valuable insights into how much money should be spent on stocking up products while minimizing waste due to overstocking or understocking.

The app's user-friendly interface makes it easy for anyone in charge of managing inventory levels within their organization - whether they're an experienced logistics professional or just starting out -to quickly input data about their products' sales history along with other relevant information like lead times,costs associated with placing orders,and more.Once all necessary data has been entered into Simple EOQ Calculator,it automatically generates recommendations regarding how much product should be ordered at any given time based on current trends in customer demands.

One key benefit offered by this app compared with other similar tools available today lies in its ability not only help businesses optimize their supply chains but also provide valuable insights into potential risks associated with different scenarios.For example,suppose one were considering increasing production volumes significantly over next few months due anticipated surge in customer demands.In such cases,SIMPLE Eoq calculator could help identify potential bottlenecks within existing processes which might prevent smooth scaling up operations without causing undue disruption elsewhere along value chain.

Another advantage offered by SIMPLE Eoq calculator lies its ability generate detailed reports showing exactly where money being spent across entire supply chain.This information can prove invaluable helping managers identify areas where they might cut unnecessary expenses while still maintaining desired service levels customers.

Overall,SIMPLE Eoq calculator represents powerful tool businesses looking improve efficiency reduce waste throughout their operations.With intuitive interface robust functionality,this app offers everything needed make informed decisions regarding stocking levels,reorder points,and more.So why wait? Download SIMPLE Eoq calculator today start optimizing your company's supply chain!