Journal of Industrial Engineering and Robotics
ISSN 3061-4112, ISSN-L 3061-4112
 

Design an algorithm and development of a software application for the management of stocks using EOQ

Published in Journal of Industrial Engineering and Robotics, Volume 5, Number 4
Written by MITRICĂ Elena-Cristina
Scientific coordinators: Maria Magdalena ROȘU

The main objective of the use is the one that is being made through us can achieve a necessary stock and automatic planning of the fast supply orders in the minimum cost. In order to allow an assessment of the problems, we can therefore identify the problems and problems in order to appear them. EOQ (Economic Order Quantity) is a calculation method for optimizing stocks, it is based on uniform price reduction, if a certain quantity ordered is exceeded, the discount applies to all products purchased. Therefore, the app will provide the answer to the following questions: "How much should be ordered?", "When should I order?". Stock management is an important aspect in a production flow, so most production companies turn to digitizing and automating these processes.

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MITRICA E.C. 2021, Design an algorithm and development of a software application for the management of stocks using EOQ. Journal of Industrial Engineering and Robotics, Volume 5, Number 4, ISSN 2601-5471, 1-6.

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