The “Plan for Every Food” in my household involves different policies for buying coffee beans and fresh raspberries. These simple examples show that thinking in terms of Economic Order Quantity (EOQ) isn’t always wrong, and Just-In-Time (JIT) isn’t always right. You need to set appropriate policies for screws, steel bars, engines, microchips, and all other items … Continue reading EOQ Versus JIT Explained Through Coffee Beans and Raspberries
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EOQ Versus JIT Explained Through Coffee Beans and Raspberries
The “Plan for Every Food” in my household involves different policies for buying coffee beans and fresh raspberries. These simple examples show that thinking in terms of Economic Order Quantity (EOQ) isn’t always wrong, and Just-In-Time (JIT) isn’t always right. You need to set appropriate policies for screws, steel bars, engines, microchips, and all other items … Continue reading EOQ Versus JIT Explained Through Coffee Beans and Raspberries