Words / E / Business

economic order quantity

noun

C2CEFR level
88/100Rarity: very rare
TechnicalRegister

The order size that minimises the combined cost of ordering and holding inventory, abbreviated EOQ.

Ordering to the economic order quantity balances bulk discounts against storage cost.

Similar: EOQ

Topic: Advanced English in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Advanced English