Thank you....

The following questions were raised specifically for the purpose of the understanding the inventory control. what are the underlying assumptions of the basic EOQ model that inventory managers should clearly understand ? ii . What are the EOQ model's basic variables and formula? iii. How can today's store manager especially in the developing world be assisted to use the computer technology to achieve optimal inventory management using the EOQ model? iv . what are the aspects of the classic EOQ model that needs to be improved upon in order to accommodate real-world realities