Do People in Industry Actually Use Economic Order Quantity (EOQ)?

I've been reflecting on the Economic Order Quantity (EOQ) model and wanted to hear from those in the industry. EOQ is something we teach extensively in academia, across multiple courses and from various angles. There's a wealth of research that assumes the EOQ model as a foundation for inventory decisions. However, based on my industry interactions and experience, I can't help but feel it's largely disconnected from reality.

The assumptions behind EOQ often seem untenable, ignoring practical constraints and the complexities of modern supply chains. And perhaps as a reflection of its limited practical value, I've rarely seen it actually used in practice. It feels like a model we cling to out of habit rather than utility.

That said, I'm open to being corrected. So, my question is: Do any of you in industry actively use EOQ or a model similar to it in your inventory decisions? If so, how do you make it work?

I'm genuinely looking to expand my views here, so I welcome insights and examples. On a side note, I've noticed that when I question EOQ's relevance in academic circles, it often triggers defensiveness rather than a conversation about alternatives. Would love to hear both sides of the debate!