Which of the following best defines 'cost per VEU' in inventory management?

The phrase 'cost per VEU' refers specifically to the cost of inventory in relation to vehicle equivalent units (VEUs). This approach focuses on evaluating the efficiency and effectiveness of inventory management by aligning costs with the number of vehicle equivalents being managed or utilized. By calculating the cost per VEU, organizations can better assess how inventory expenditures directly relate to the operational demands represented by the VEUs, allowing for more informed decision-making regarding inventory control and resource allocation.

In this context, understanding the relationship between inventory costs and actual work being performed (as represented by VEUs) can lead to more strategic management practices that enhance overall operational efficiency and cost management. This contrasts with the other definitions, which do not specifically relate inventory costs to vehicle equivalents, thus not providing the same level of insight into operational efficiency.