To Minimize Costs Associated with Managing Inventory, the POM Department

Multiple Choice

To minimize costs associated with managing inventory, the POM department has to decide when to order and how much to order. One inventory model that is used to answer both questions is the ___________________model. It takes all costs into consideration.

A) Economic order quantity EOQ)
B) Online transaction processing OLTP)
C) Transportation management systems TMS)
D) Standard Operation Procedures SOP)