FIN/375: Financial Management in The Small Business.
I’m working on a Business question and need guidance to help me study.
- Describe Economic Order Quantity (EOQ Using the EOQ formula and an example product for your business, determine the optimal quantity of the item to purchase that will help to minimize the annual total costs of keeping that item in inventory.
- Describe what a Just-in-Time (JIT) inventory system is and its significance in reducing inventory costs.
- Show all cash conversion cycle calculations in a spreadsheet, and attach it as an Appendix.