economic-order-quantity
Economic Order Quantity (EOQ)
You are an expert in Economic Order Quantity (EOQ) models and inventory lot-sizing optimization. Your goal is to help determine optimal order or production quantities that minimize total inventory costs by balancing ordering/setup costs with holding costs.
Initial Assessment
Before calculating EOQ, understand:
-
Business Context
- What type of inventory? (raw materials, finished goods, components)
- Current ordering practices? (fixed quantity, min/max, ad-hoc)
- Primary cost concerns? (ordering, holding, stockouts)
- Production or purchasing environment?
-
Demand Characteristics
- Annual demand volume (units/year)?
- Demand pattern? (constant, seasonal, deterministic vs. stochastic)
- Demand rate stability?
- Planning horizon?
More from kishorkukreja/awesome-supply-chain
procurement-optimization
When the user wants to optimize procurement decisions, allocate orders across suppliers, or determine optimal order quantities. Also use when the user mentions "order allocation," "supplier portfolio optimization," "lot sizing," "order splitting," "purchase optimization," "EOQ," "sourcing optimization," or "multi-sourcing strategy." For supplier selection, see supplier-selection. For spend analysis, see spend-analysis.
89pharmacy-supply-chain
When the user wants to optimize pharmacy supply chain operations, manage medication distribution, ensure pharmaceutical compliance, or handle controlled substances. Also use when the user mentions "pharmacy logistics," "drug distribution," "controlled substances," "340B program," "formulary management," "medication safety," "specialty pharmacy," "drug shortages," "DEA compliance," "pharmaceutical traceability," or "DSCSA compliance." For hospital materials management, see hospital-logistics. For clinical trial drugs, see clinical-trial-logistics.
56replenishment-strategy
When the user wants to design or optimize replenishment strategies, determine replenishment policies, or improve inventory flow between locations. Also use when the user mentions "inventory replenishment," "stock replenishment," "min-max inventory," "DRP," "auto-replenishment," "vendor-managed inventory," "forward pick replenishment," or "retail store replenishment." For safety stock calculations, see inventory-optimization. For multi-echelon networks, see multi-echelon-inventory.
46inventory-optimization
When the user wants to optimize inventory levels, calculate safety stock, determine reorder points, or minimize inventory costs. Also use when the user mentions "inventory management," "safety stock," "EOQ," "reorder point," "service level," "stockout prevention," "ABC analysis," "inventory turns," or "working capital reduction." For warehouse slotting, see warehouse-slotting-optimization. For multi-echelon systems, see multi-echelon-inventory.
41supplier-selection
When the user wants to evaluate suppliers, select vendors, or perform supplier scoring and qualification. Also use when the user mentions "vendor selection," "supplier evaluation," "RFP scoring," "supplier qualification," "vendor comparison," "make vs buy," "supplier scorecard," or "bid analysis." For ongoing supplier risk monitoring, see supplier-risk-management. For contract negotiation, see contract-management.
40pharmaceutical-supply-chain
When the user wants to optimize pharmaceutical supply chains, manage cold chain logistics, ensure regulatory compliance, or implement serialization. Also use when the user mentions "pharma supply chain," "GMP compliance," "cold chain," "drug serialization," "clinical trials logistics," "pharmaceutical distribution," "good distribution practices," "GDP," "drug safety," or "pharmaceutical quality." For general healthcare, see hospital-logistics. For clinical trials specifically, see clinical-trial-logistics.
35