EOQ definition

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

Examples of EOQ in a sentence

  • The term EOQ is occasionally used in discussions of defense acquisition, somewhat loosely, to refer to any high- quantity or batch order of items, even those that do not take place under MYP or BBC.

  • Multiyear contracts are expected to achieve lower unit costs compared to annual contracts through one or more of the following sources: (1) purchase of parts and materials in economic order quantities (EOQ), (2) improved production processes and efficiencies, (3) better utilized industrial facilities, (4) limited engineering changes due to design stability during the multiyear period, and (5) cost avoidance by reducing the burden of placing and administering annual contracts.

  • In addition to the cost savings typically associated with EOQ authority, the Navy has identified an opportunity to implement EOQ procurements to achieve OR schedule efficiencies and commonality contract actions with VCS [Virginia-class submarine] Block V [boats] and CVN [nuclear- powered aircraft carriers]....Advance Construction is the authority to begin [shipyard] construction [work] in fiscal years of AP [advance procurement] budget requests prior to the full funding/authorization year of a hull.

  • If the authority granted for using BBC does not explicitly include authority for making EOQ purchases, then the savings from BBC will be less.

  • 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.

  • Under annualcontracting, the manufacturer might not have enough confidence about its future stream of business to make these kinds of investments, or might be unable toconvince its parent firm to finance them. Economic order quantity (EOQ) purchases of selected long-leadtime components.

  • BBC can reduce the unit procurement costs of ships by amounts less than or perhaps comparable to those of MYP, if the authority granted for using BBC explicitly includes authority for making economic order quantity (EOQ) purchases of components.

  • EOQ is normally associated with multiyear procurements but can be requested for annualized procurements on an exception basis for unusual circumstances (such as combined parts buys for a block of satellites).

  • 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.

  • It is the general policy of the Department of Defense not to create unfunded contract liabilities for EOQ procurements.

Related to EOQ

  • SOQ means Statement of Qualifications.

  • BOQ means Bill of Quantity or the Price Schedule in which rates for the e-tender should be quoted and uploaded online on the e-tender website.

  • Tare Weight means the weight of an empty shipping container, excluding all materials used for wrapping, cushioning, banding, waterproofing, packaging, blocking and bracing articles within the exterior container.

  • TDSAT means Telecom Dispute Settlement and Appellate Tribunal, New Delhi.

  • IPPF means the indigenous peoples planning framework for the Investment Program, including any update thereto, agreed between the Borrower and ADB and incorporated by reference in the FFA;

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • Work Schedule means the approved order and timeline for how the requirements of this contract, including Work on individual Units or groups of Units, will be fulfilled by the Contractor.

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • EPG means electronic program guide maintained by a DPO on its Digital Distribution Platform which lists the television channels and programs, and scheduling and programming information therein and includes any enhanced electronic guide that allows Subscribers to navigate and select such available channels and programs.

  • Project Scope means the description or activity of work to be accomplished on the project.

  • EPC means engineering, procurement and construction;

  • 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).

  • KPI means a key performance indicator to which the Services are to be provided as set out in the Specification].

  • DOA means the department of administration.

  • Drug sample means a unit of a prescription drug that is not intended to be sold and is intended to promote the sale of the drug.

  • MPD means the Maintenance Planning Document published by Manufacturer and applicable to the Aircraft.

  • Peak tube potential means the maximum value of the potential difference across the x-ray tube during an exposure.

  • Product Category means the applicable category which best describes the product as listed in this Section 94508.

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

  • Design-build team means an entity that consists of:

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • Product Description means the description of each Hospitality Package, or series of Hospitality Packages which are the subject of any Confirmation of Purchase.

  • MSAA Indicator Technical Specifications document means, as the context requires, either or both of the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Indicator Technical Specifications November 5, 2018 Version 1.3” and the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Target and Corridor-Setting Guidelines” as they may be amended or replaced from time to time;

  • COGSA means the Carriage of Goods by Sea Act of the United States of America approved on 16th April 1936.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Timeline means the list of critical dates and actions included in the Introductory Materials.