Which of the following systems minimizes total inventory costs?
Computerized inventory system
Min / max level system
EOQ / EOV system
Point-of-sale system
EOQ / EOV system
Rationale: Economic order quantity (EOQ) / Economic order value (EOV) systems minimize total inventory costs, as well as ordering costs. However, it applies only when demand for a product is constant over a calendar year, and each new order is delivered in full when inventory reaches zero.
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