QI Macros™ Adds EOQ Calculator

KnowWare International has added an Economic Order Quantity (EOQ) Calculator to its QIMacros™ SPC Software for Excel. QI Macros works with Excel to draw Lean Six Sigma charts and graphs.

Economic Order Quantity is used to determine the most efficient order size for purchasing.

To calculate EOQ with QI Macros and Excel, the customer inputs Demand Per Year, Fixed Cost Per Order, and Holding Cost Per Item (sometimes expressed as a percent of unit cost).

The QI Macros SPC Software contains 40+ charts and more than 90+ fill-in-the-blank templates that simplify Lean Six Sigma complexities. QI Macros SPC Software for Excel works with Excel versions 2000-2013. At only $229 (thousands less than competitors), they are the least expensive, most robust solution available on the market.  

Download a 30-day evaluation copy of the QI Macros for Excel at http://www.qimacros.com/trial/30-day/. Readers can also signup for a free email course on Lean Six Sigma. For more information, testimonials, and pricing go to http://www.qimacros.com/qi-macros/excel-spc-software/

Jay Arthur is the author of Lean Six Sigma Demystified, Lean Six Sigma for Hospitals, the Lean Six Sigma System, the QI Macros SPC Software for Excel, and Breakthrough Improvement with QI Macros and Excel: Finding the Invisible Low-Hanging Fruit (McGraw-Hill, March, 2014).