Economic Order Quantities (EOQ) is a business model that helps businesses minimize the total cost of inventory. It’s a way to determine the optimal order size and order frequency, allowing companies to maximize their purchasing power while minimizing storage and labor costs. With EOQ, entrepreneurs can have better control over their inventory, enabling them to make smarter decisions about when and how much to order. By using EOQ, businesses can save on costs, improve cash flow, and streamline their operations for maximum efficiency and profitability.