Economic Order Quantity (EOQ) The model used to figure out the optimal quantity for inventory is known as the Economic Order Quantity (EOQ) model. This optimal quantity is required to minimize the ordering and carrying cost. Ford W. Harris developed the EOQ model in 1913. What does the Economic Order Quantity Model describe? The primary […]
What is a sales process? A sales process has a repeatable set of steps used to convince a customer to buy. It starts with the early awareness stage and ends with a closed sale. These steps are beneficial for sales reps as they allow them to follow a proper process to achieve business goals. The […]
