The two major concepts of inventory management are EOQ and JIT. 

The two major concepts of inventory management are EOQ and JIT.

The two major concepts of inventory management are EOQ and JIT.  They involve assumptions that are quite different.  Explain in detail each theory along with its over arching assumptions.  What applications are suited best for each inventory management module?

Answer preview The two major concepts of inventory management are EOQ and JIT.

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