Economic Order Quantity definition

Economic Order Quantity means a quantity at which a desirable price break is achieved.
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Economic Order Quantity means the minimum quantity specified by a supplier to obtain advantageous pricing for individual parts, components and other materials listed in the Xxxx of Material.
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Economic Order Quantity. (FMR) means an exception to the full fundingpolicy that allows the use of advance procurement to purchase more than 1 FY’s program increment of components, materials, and parts I norder to obtain the economical advantages, sustain a production line, to support low rate initial production, etc.
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Examples of Economic Order Quantity in a sentence

  • Authority to Enter Into Economic Order Quantity Contracts.-(1) The Secretary of the Navy may use funds deposited in the Fund to enter into contracts known as “economic order quantity contracts” with private shipyards and other commercial or government entities to achieve economic efficiencies based on production economies for major components or subsystems.

  • The contract would be a block-buy contract augmented with Economic Order Quantity (EOQ) authority, so as to permit up-front batch purchases of long leadtime components, as would be the case under a multiyear procurement (MYP) contract.

  • The boats have received a total of $1,623.3 million in prior-year advance procurement (AP) funding and$597.6 million in prior-year Economic Order Quantity (EOQ) funding.

  • The boats have received a total of $1,613.5 million in prior-year advance procurement (AP) funding and$416.9 million in prior-year Economic Order Quantity (EOQ) funding.

  • Much of this AP funding is for Economic Order Quantity (EOQ) procurement of selected components of the nine DDG-51s to be procured under the proposed FY2013-FY2017 MYP arrangement.

  • The boat has received $915.7 million in prior-year “regular” advance procurement (AP) funding, and $289.0 million in prior-year Economic Order Quantity (EOQ) AP funding for components of boats being procured under the FY2019-FY2023 MYP contract.

  • The boats have received a total of $1,577.0 million in prior-year advance procurement (AP) funding and$158.4 million in prior-year Economic Order Quantity (EOQ) funding.

  • The ships have received $363.7 million in prior-year Economic Order Quantity (EOQ) advanceprocurement (AP) funding (i.e., funding for up-front batch orders of components of DDG-51s to be procured under the FY2018-FY2022 MYP contract).

  • Material Cost : Definition of Material Cost – Classification of Material Cost – Materials purchase procedures – Different types of Stock Levels – Economic Order Quantity – Methods of Pricing of Issues of Materials (FIFO, LIFO and Weighted Average).

  • Authority to Enter Into Economic Order Quantity Contracts.-(1) The Secretary of the Navy may use funds deposited in the Fund to enter into contracts known as "economic order quantity contracts" with private shipyards and other commercial or government entities to achieve economic efficiencies based on production economies for major components or subsystems.


More Definitions of Economic Order Quantity

Economic Order Quantity means the mutually agreed upon, minimum quantity specified by a supplier to obtain advantageous pricing for individual parts, components and other materials listed in the Master Bill of Material. May also be referred to by the parties as Minimum Order Quantity.
Sample 1
Economic Order Quantity or “EOQ” means a quantity of Dot Hill-unique Components or Dot Hill-unique raw materials ordered by Supplier and used in the manufacture of the Products, pursuant to a written document with Dot Hill, as amended from time to time by the parties, that will allow Supplier to take advantage of cost savings and which quantity exceeds the normal quantity required to build Products for Dot Hill pursuant to Dot Hill’s proposed delivery schedules.
Sample 1

Related to Economic Order Quantity

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in Section 3.1(e).

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • Applicable water quality standards means all water quality standards to which a discharge is subject under the federal Clean Water Act and which has been (a) approved or permitted to remain in effect by the Administrator following submission to the Administrator pursuant to Section 303(a) of the Act, or (b) promulgated by the Director pursuant to Section 303(b) or 303(c) of the Act, and standards promulgated under (APCEC) Regulation No. 2, as amended.

  • Water quality volume means the volume equal to the first one-half inch of runoff multiplied by the impervious surface of the land development project.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • tons means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I of the International Convention on Tonnage Measurement of Ships, 1969; the word “tonnage” shall be construed accordingly.

  • Contract Unit Price means the total price per unit charged to DLA Troop Support for a product delivered to DLA Troop Support’s customers. The Contract unit price consists of three components: delivered price plus distribution price less Government rebates and discounts. The unit price sum of the three component prices shall be rounded up or down as applicable, to the nearest cent to determine the final Contract unit price.

  • PRICED SCHEDULE OR QUANTITIES means the schedule duly priced.

  • Quantity means either tonnage or volume, depending on which term is the standard in the mining industry for the type of mineral;

  • Indefinite quantity contract means a fixed price contract that:

  • Share Delivery Quantity For any Settlement Date, a number of Shares, as calculated by the Calculation Agent, equal to the Net Share Settlement Amount for such Settlement Date divided by the Settlement Price on the Valuation Date for such Settlement Date. Net Share Settlement Amount: For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Purchase Order Number means the Customer’s unique number relating to the supply of the Services;

  • Limited Resource Price Decrement means, for the 2017/2018 Delivery Year, a difference between the clearing price for Limited Demand Resources and the clearing price for Extended Summer Demand Resources and Annual Resources, representing the cost to procure additional Extended Summer Demand Resources or Annual Resources out of merit order when the Limited Resource Constraint is binding.

  • Definite quantity contract means a fixed price contract that provides for a

  • Water quality standards means provisions of state or federal law which consist of a designated use or uses for the waters of the Commonwealth and water quality criteria for such waters based upon such uses. Water quality standards are to protect the public health or welfare, enhance the quality of water and serve the purposes of the State Water Control Law (§ 62.1-44.2 et seq. of the Code of Virginia) and the federal Clean Water Act (33 USC § 1251 et seq.).

  • Blend means seed consisting of more than one variety of a kind, each in excess of five percent by weight of the whole.

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • SCHEDULE OF QUANTITIES, BILL OF QUANTITIES means the Schedule or Quantities as specified and forming part of contract.

  • Unit Price means an amount stated in the Bid for which Bidder offers to perform the Unit Price Work for a fixed price per unit of measurement.

  • Btu means British thermal unit.