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ERP software; solution to modern supply chain problems

ERP software; solution to modern supply chain problems

ERP software; solution to modern supply chain problems   The global supply chain suffers from the COVID-19 pandemic. Businesses face new problems that they had never faced before. Necessity being the mother of invention, think tanks sat together to formulate solutions for these problems.     ERP software came up being the most reliable and effective...

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What is EOQ and How To Calculate EOQ with Examples

What is EOQ and How To Calculate EOQ with Examples

EOQ stands for Economic Order Quantity. Economic Order Quantity is calculated by businesses to have a better understanding of what quantity of purchase will be the most cost-effective for them.  Calculating EOQ requires a formula which we will get on later. This formula takes into account all costs attached to storing stocks purchased.  This helps...

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