The Economic Order Quantity (EOQ) Inventory Model is an inventory optimization method used by business owners to help them determine the optimal amount of goods they should order at any given time. The goal is to maximize the total profit earned through inventory purchases and sales, while minimizing the costs of ordering goods and maintaining stock levels. By finding the right balance between too much inventory, which can lead to inflated storage costs, and too little inventory, which can cause missed sales due to stock-outs, the EOQ model helps companies maximize profitability. With this model, businesses can also reduce their lead times and ensure that goods are available when needed.