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The EOQ Model | Conceptual Discussion
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- čas přidán 13. 08. 2021
- This video lecture explains the EOQ Model and the reorder point, as part of the Conversion Cycle discussion.
#SirATheCPAProf #AccountingInformationSystem
A great refresher po for someone like me na medyo nakalimutan na ang concepts regarding EOQ model. Thank you so much, Sir A :))))))
I'm done watching the lecture video. By reducing excess inventory, the EOQ model assists organizations in maximizing their working capital. Organizations can free up capital for other business needs by placing the right quantity of orders at the right time and avoiding tying up too much money in inventory. Thank you, sir A!
Done watching. Thank you, Sir A, for this video lecture about the concept of EOQ model. I've learned that one of the primary objectives of the EOQ model is to reduce order costs while helping an organization maintain a consistent inventory level.
Done watching Part 4 of Chapter 7. Through this video lecture, I was able to refresh the EOQ model, which has already been discussed in our previous subject. The EOQ Model is essential since it helps us decide and balance between ordering too much, which costs money to store, and ordering too little, which can lead to running out of stocks. Thank you for this lecture, Sir A!
Done watching. I found that EOQ is significant because it helps organizations with dealing with their inventory effectively. Without inventory management procedures, these organizations will generally hold an excess of inventory during times of low interest while additionally holding too little inventory during times of high demand. Thank you, Sir A!
Done watching! One of the significant learning in this lecture was the goal of the EOQ model to lower and maximize the inventory cost. It also targets to lower the cost of the parameters under it which is the Ordering Cost and Carrying Cost as this is additional cost to the inventory. Thanks for this conceptual discussion, Sir A!💛
Done watching. In this discussion, I've discovered that EOQ plays an important role because it enables businesses to effectively manage their inventory.
Thank you, Sir A!
Done watching. I have learned about the EOQ model which helps organizations to minimize their inventories by ordering efficiently. When the quantity on hand reaches the reorder point, it is the time when we reorder new inventories based on the EOQ. Thank you po, sir A!
Salamat po sa magandang pagkaka discuss at effort nyo Sir! Parang nasa classroom po ang approach nyo nakaka enjoy pong makinig. Done watching po! 💗
Done watching! The target of the EOQ model is to reduce both carrying and ordering costs. If the quantity on hand matches up to reorder point, it is time to prepare the purchase requisition. I already have an idea about the EOQ model, so it is nice to have a refresher about it. Thank you, Sir A!
Done watching. I've already learned EOQ model from previous subjects, and this video lecture is a great refresher. When the quantity on hand equals reorder point, it's time to order the optimal quantity level of inventory. If the lead time and daily demand are fluctuating, safety stock is needed.Thank you po!
I just finished watching this video lecture, Sir A. In this discussion about the EOQ Model, I'm already familiar with this model because it's already been discussed by other subjects. However, it is not discussed thoroughly the way you did, Sir A. I now have deeper knowledge with regards to the EOQ Model, and I finally understand it much better. I learned that the EOQ model is all about inventory control or inventory management, and the main objective of this model is to lower inventory costs. And I also learned the importance of this model in an organization because it can reduce operational costs, consistently maintain the level of inventory, and effectively improve operational efficiency. Thank you so much for this video lecture, Sir A!
The fourth video under chapter 7 is very comprehensive, as it enlightens me more about the Economic Order Quantity (EOQ), which holds importance as it aids organizations in efficiently managing their inventory. Hence, in the absence of proper inventory management protocols, these entities tend to retain surplus inventory when demand is low, while also having insufficient inventory during periods of high demand.
Thank you for this video lecture, Sir A!
Just done watching part 4 of chapter 7. I realized the significance of Economic Order Quantity (EOQ) in proficient inventory management for businesses. The EOQ model aims to lower both holding and ordering expenses. When the inventory level aligns with the reorder point, it signifies the need to initiate the purchase requisition process. While I was familiar with the EOQ model, it's valuable to have a review and reinforcement of its concepts. Thank you, Sir A!!
Thank you for this additional conceptual discussion to further understand the EOQ model. Done watching po, Sir.
Done watching. Thank you for this, Sir A! It brings back our discussion in our previous subjects. EOQ is important not only for manufacturing business but even to merchandise business.
The Economic Order Quantity (EOQ) Model is not a new concept for me, as we have encountered this term several times in our previous accounting subjects. We focused more on the computation side, which is why this video that deals with its concepts is such a great refresher for me because I noticed that it is related to different accounting subjects. I have learned that when we talk about the EOQ model, we are talking about inventory control. Its goal is to lower inventory costs. Thank you for giving us another comprehensive video lecture, Sir A!
This lecture provided me with in-depth knowledge of the EOQ Model. Its purpose is to reduce inventory expenses while maintaining the ideal quantity level. This is done so that an organization does not have to place orders too frequently and does not have an excess of inventory on hand. Thank you po, Sir A!
Done watching. Thank you, Sir A! We had learned the formula of EOQ in cost accounting and Finman last semester, but we haven't focus on the theories about it. Thank you for this very comprehensive discussion about it.
From what I understand, EOQ model involves inventory control or inventory management to reduce inventory costs. This conceptual discussion helped me to refresh the previous topics in recent semester. Thank you!
Done watching, Sir A! Thank you for explaining the EOQ model. Mas naintindihan ko po siya :)
Done watching po Sir A. Ganda po ng gantong setup parang f2f discussion yung vibes
Just finished watching the video lecture po. The Economic Order Quantity (EOQ) is important because it guides businesses in optimizing their inventory management processes, reducing costs, preventing stockouts, and improving overall operational efficiency. EOQ provides a practical framework for making informed decisions about how much to order, when to order, and how to balance ordering costs and holding costs. Thank you, Sir A
Done watching po, Sir A. Thank you for this easy-to-understand discussion of the EOQ model.
Done watching part four of the video lecture for chapter seven. Thank you for your discussion of the EOQ model, Sir A!
Done watching! Thank you Sir A for this discussion on the Economic Order Quantity. This is important so that the production and number of inventory is sufficient with the demand for the product and to obtain the optimal level of inventory and optimal inventory cost.
Thank you for this comprehensive discussion about the concept of the EOQ model sir.
This is a great review for us, Sir A. I am already aware with the concept, considering EOQ was addressed last semester. The EOQ Model is centered on inventory control and seeks to obtain the ideal stock level to lower inventory expenses. But even with the prior knowledge gained, this discussion laid an in-depth and detailed explanation on how Economic Order Quantity works (including its parameters; ordering and carrying costs). Although the carrying cost has a direct relationship with the inventory, the ordering cost has an inverse relationship with it. Thank you po!
Done watching this video lecture Sir A! Thank you po for the comprehensive discussion!
Thank you, Sir A, for this EOQ refresher; we just discussed it in Financial Management last semester, so I'm not completely unfamiliar with it. So I learned about the EOQ Model's primary goals, which are to reduce ordering costs while assisting the organization in maintaining a consistent inventory level of production.
Done watching po, Sir A. A great refresher po since medyo nakalimutan ko na rin po ung ibang concept sa topic po na ito. Thank you po sir ☺
Done watching po. Thank you for a detailed discussion about this topic, Sir A!
Through this lecture, I've gained an understanding of the EOQ Model as an inventory control technique. This model is specifically designed to aid production managers in determining the optimal quantity of stock to be ordered with each purchase or produced in each production run. The primary goal is to minimize total inventory costs. Thank you, Sir A!
Done watching po, Sir A! Thank you po for explaining the eoq model very easy to understand po ang naging approach 🥰
Finished watching the video lecture. Thank you po for the visual illustration, I was able to grasp the concept better.
Done watching this lecture. I learned that the Economic Order Quantity (EOQ) model is a fundamental inventory management technique used to determine the optimal order quantity that minimizes total inventory costs. It balances the costs of holding excess inventory with the costs of ordering and restocking, helping businesses strike the right balance for cost-effective inventory management.
Done watching po for second time. I am rewatching po as review for next week's exam. I noticed that I forgot to leave a comment before. Thank you po for this video lecture, Sir A!
Done watching po. Thank you po for a detailed discussion and for the efforts po para madiscuss samin ng mas maayos.
FInished watching this video lecture last two weeks ago and re-watched it today as a reviewer for the upcoming quiz. Thank you sir A!
Done watching this video lecture! This is a great refresher since we already tackled this topic on our prior subjects. Although last time we just focused on the computation side, this one focuses on the conceptual discussion which is great. Thank you sir A!
Done watching, Thank you for this clear discussion about EOQ concepts sir A!
Just finished watching.Economic Order Quantity (EOQ) Model ensures an optimize quantity level of inventory to reduce inventory cost. As to its parameters , the quantity level of inventory has an inverse relationship to the ordering cost,as the level of inventory increases the ordering cost decreases.On the other hand, the quantity level of inventory has a direct relationship to its carrying cost.
Thank you Sir A!
Thank you for this comprehensive discussion. Done watching!
Done watching, Sir A! Your videos po are very easy to understand and helps a lot for us, students. Thank you, Sir A!
Done watching! I’m familiar with The Economic Order Quantity Model i as it has come up several times in our previous accounting courses. However, this video provided a fresh perspective by delving into its fundamental concepts, making me realize its interconnectedness with various accounting subjects. It's been a valuable refresher because I noticed its relevance spans across different areas. Essentially, when we discuss the EOQ model, we're addressing the realm of inventory control, with the ultimate aim of minimizing inventory costs. A heartfelt thanks to Sir A for yet another comprehensive and insightful video lecture!
Thank youuu sir for another clear discussion ng concept ng EOQ Model
Done watching po, Sir. A! Thank you for the very detailed discussion sir!
Done watching this video lecture. EOQ Model was discussed during our Cost Accounting and this serves as my review. Thank you Sir A! 😊
Very detailed po ng explanation. Thank you so much po, Sir A!
Done watching this video lecture earlier. Thank you, Sir A for this fruitful discussion.
I just finished watching part 4 of chapter 7 and realized how important Economic Order Quantity (EOQ) is for managing inventory in businesses. The EOQ model helps reduce the costs of holding too much inventory or ordering too frequently. When the inventory reaches the reorder point, it's time to start the process of buying more. Thanks for the comprehensive lecture, Sir A!
Done watching it. Thank you for the detailed discussion. Sir A!
Done watching. I discovered that EOQ is important since it aids businesses in successfully managing their inventories. Without inventory control measures, these businesses typically keep too much product during periods of low interest and too little inventory during periods of high demand. I'm grateful, Sir A!
Finished watching this video lecture last time po. Salamat, Sir!
Done watching the informative video lecture Sir A, thank you po!
Done watching po. Thank you so much for this video lecture, Sir A!
Done with this vid lecture, Sir A! I got to understand EOQ Model better, thanks to your discussion
Done watching this lecture, Sir A. Thank you po for an informative explanation.
Done watching this 3 weeks ago. Thank you for the Illustration Sir A!
Done watching the video lecture. Thank you po, Sir A!
Sir A, thank you for this video! Just finished watching.
Done watching this video lecture. Thank you po, Sir A!
Thank you sir sa visual illustration ng video lecture na ito. :)
Done watching this video, sir. Thank you po! This widens my knowledge about EOQ.
Done watching this part po. Thank you Sir A for this EOQ Model discussion! :)
Done watching, EOQ model was already discussed in our Cost Accounting and FInancial Management (Inventory Management) but this can be a way to review of my lessons. Thank you sir A!
Finished watching, Sir A! Thank you po! 😊
Done watching po. Thank you for this lecture po, Sir A!
Done watching this video lecture, Sir A! Thank you for this!
Done watching po Sir A. Thank you po for the video lecture.
Done watching Sir A! Thank you for the informative lecture!
The Economic Order Quantity (EOQ) model is a formula-based inventory management strategy that determines the ideal order quantity that minimizes the total cost of maintaining and ordering inventory. It assists firms in balancing carrying costs (costs associated with inventory holding) and ordering costs (costs paid while placing replenishment orders). The goal is to discover the order quantity that minimizes the total of these two costs. Thank you sir A.
Done watching po, Sir. Thank you po for this informative lecture.
Done watching po. Thank you so much, Sir A!
Done watching this discussion. Thank you, Sir A!
I've learned this topic back on our Cost Accounting and Operation, Management and TQM subject but I somehow forgot some of the concepts. This is a great refresher for EOQ topic. Thank you, Sir A!😊
Done watching this lecture video. Thank you po, Sir A! 💗
Thank you for this fruitful discussion sir A!
Done watching, thank you po Sir A for this very informative vidlec
Done watching this po, Sir A. (Sorry for the late comment po as I watched all the videos for week 3 offline) Thank you for this po! 🤗
Finished watching yesterday, thank you Sir A for the effort. Learned a lot
Done watching po. Thank you, Sir. A!
Since EOQ was covered in our other accounting course last semester, I am already familiar with the idea. The EOQ Model focuses on inventory management and aims to get the optimal quantity of inventory to reduce inventory costs. I’ve also learned about the parameters of the EOQ model, which are ordering and carrying costs. The ordering cost has an inverse relationship to the inventory, while the carrying cost has a direct relationship to the inventory. It is a fantastic review for us to comprehend the EOQ model in greater detail. Thank you, sir A!
Thank you for your very comprehensive vidlecs,sir!Godbless po
Thank you for the illustration provided! Done with my notes here as well :-))
Done watching sir! Thank you for this very informative lecture po.
Done watching this video po last last time. Thank you so much sir!
I already know this topic but you enlighten me more about this topic sir. Thankyou sir.
Thank you Sir A for an wonderful video lecture discussion 💖
thank you for this video lecture po! Just finished watching.
Done watching po. Thank you Sir A!
Finished watching Sir A, thank you so much for this vidlec.
Done watching. Thank you, Sir A!
Thank for a more detailed conceptual discussion about the EOQ model, Sir! I've learned a lot 😊
Done watching this video lecture po, sir. Thank you!!
I appreciate the in-depth discussion on this topic because my understanding of the EOQ model is limited. However, after watching this lecture video, I learned a lot and was able to understand it better.
It is a great refresher for us and we are able to understand deeply the EOQ model. I really appreciate on how you introduced us this topic. Thank you Sir A!
Done watching po Sir A! Thank you po
Thank you for this visual illustration, Sir A. I was able to understand more the EOQ Model as well as its relationship to Reorder Point 🤗
Thank you for this discussion, sir!