what`s minimum order quantity
what`s minimum order quantity?Minimum Order Quantity (MOQ) is the smallest order quantity that a supplier is willing to accept. This concept is very common in volume purchasing and production, especially in B2B transactions.
Reasons for suppliers to set MOQ usually include:
- 1Cost considerations: the costs required for production, including labour, materials, the cost of running the machine, etc. The larger the production volume, the lower the cost of a single product.
- 2Economy of scale:Suppliers reduce unit costs and increase profitability through mass production.
- 3Operational efficiency: Batch processing orders can simplify the operational process and reduce the tediousness of handling small orders.
- 4Inventory management: Suppliers may wish to reduce the number of inventory turns and reduce the complexity of inventory management by placing large orders.
MOQ setting has its importance for both suppliers and buyers:
MOQ settings may vary depending on factors such as supplier, product type, production costs and market demand. Some suppliers may offer lower MOQs to attract smaller buyers, while others may require higher MOQs to ensure production efficiency and profitability.
Different industries and markets have different standards and expectations for minimum order quantities.How does BOSCO manage these small orders in order to ensure product quality and customer delivery?
- 1
Firstly, our salesmen will keep communicating with customers to understand their needs and feedbacks, and make order processing plan accordingly.
- 2
We have standardised order processing templates and processes, which reduces human error and increases efficiency. Ensure that established standards are followed when processing orders. Regular meetings are held to share information and ensure that all departments have a common understanding and goal for order processing
- 3
We have standardised order processing templates and processes, which reduces human error and increases efficiency. Ensure that established standards are followed when processing orders. Regular meetings are held to share information and ensure that all departments have a common understanding and goal for order processing
- 4
We have standardised order processing templates and processes, which reduces human error and increases efficiency. Ensure that established standards are followed when processing orders. Regular meetings are held to share information and ensure that all departments have a common understanding and goal for order processing
- 5
We also organise regular training to improve the professional skills and teamwork of our staff to enhance order processing efficiency.The order management process is regularly reviewed and improved to maintain its efficiency and flexibility.
- 6
We also pay attention to the latest order management technology and tools, and actively introduce and apply them to improve the management level.
After all this, would you like to know what is the minimum order quantity that BOSCO can accept, then give us a call or send us an email! WhatsApp: +86 18857499149/Mail:[email protected]
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