SCM Analyst Interview Questions and Answers for Freshers

MOQ is Minimum Order Quantity, the smallest amount of a product a supplier is willing to sell. EOQ is Economic Order Quantity, the optimal order quantity to minimize total inventory costs.

• MOQ is set by suppliers to ensure profitability and efficiency in production.

• EOQ helps in determining the ideal order quantity to minimize ordering and holding costs.

• MOQ is usually higher than EOQ as it represents the minimum amount a supplier is willing to produce or sell.

• EOQ formula: EOQ =...read more