Your boss is not happy with your computed EOQ for an expensive item. You have already reduced ordering costs to the bare minimum possible as also done your best to assess holding costs more accurately including estimating indirect holding costs too. What should you typically do next to try to lower the EOQ figure?

EOQ $=$ Sq root of $[(2$D$*$S$)/$H$]$

D $=$ annual demand in units

S $=$ cost of placing $1$ order; H $=$ cost of holding $1$ unit of that item in inventory for $1$ year

Question $16$ options:

Work to reduce supplier price

Work to obtain additional loan capital to be able to fund ordering the currently computed EOQ

Work further to get $($expected$)$ nominal increases in acccuracy for the estimates internal holding costs $-$ which action has been seen to typically result in an increase in holding costs.

Work to reduce customer demand.