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Category: Inventory management

Explore our medication guides and pharmacology articles within this category.

What is EOQ in pharmacy and why is it crucial for inventory management?

4 min read
According to a study comparing pharmacy logistics methods, the Economic Order Quantity (EOQ) is the most effective and efficient method to manage stagnant and shortage drugs in a hospital pharmacy setting. This demonstrates the importance of understanding **what is EOQ in pharmacy** and how it is used to strike a balance between high demand and operational costs.