Make some comments on the statement below in not more than 100 words:

Yes, Este Lauder can follow an Economic Order Quantity (EOQ) inventory planning model for many of its products, especially for high-volume stock keeping units (SKUs) that are produced and sold consistently, such as foundation, moisturizers, and lipsticks across global markets. The EOQ model helps balance ordering costs with carrying costs, which is especially important for a company managing thousands of SKUs across various brands.

For example, Este Lauder may apply EOQ to the procurement of standard packaging materials like lipstick tubes or foundation bottles. These components are ordered regularly and in large volumes, making them ideal candidates for a fixed order quantity system. This method ensures reorders happen at consistent quantities, helping to optimize inventory levels and reduce the risk of stockouts.

However, for seasonal or promotional itemssuch as limited-edition product lines released during holidays, EOQ may not be practical. In those cases, a lot-for-lot ordering method or a period order quantity model may be more suitable. These approaches better align with short-term demand spikes and help avoid excess inventory after a campaign ends.

Additionally, Este Lauder may take advantage of quantity discounts when purchasing raw materials like fragrances or packaging in bulk. In these cases, the company must weigh the discount savings against increased carrying costs, which can complicate the EOQ decision.

For newer or less predictable product lines, a min-max system might be used instead, especially in retail locations where customer demand can fluctuate and storage space is limited.

In summary, EOQ is a useful model for many core Este Lauder products with stable demand and ordering patterns. However, flexibility is required across product categories to ensure the most effective inventory strategy is used.