Final answer:
The economic ordering quantity (EOQ) is a formula used in inventory management to determine the optimal order quantity that minimizes total inventory costs. It is calculated using specific values for demand, cost per order, and carrying cost per unit.
Step-by-step explanation:
The economic ordering quantity (EOQ) is a formula used in inventory management to determine the optimal order quantity that minimizes total inventory costs. It is calculated using the following formula:
EOQ = √((2 * demand * cost per order) / carrying cost per unit)
To find the EOQ for SKU Number 53104 from Supplier A, you would need the specific values for demand, cost per order, and carrying cost per unit. Once you have those values, you can substitute them into the formula to calculate the EOQ.