What is Minimum Order Quantity and what are its Benefits
Have you settled your e-commerce business and planning to take it to the next level by selling your products wholesale online? If your answer is yes, deciding on your Minimum Order Quantity or MOQ can be a little daunting. Since manufacturing is a volume business that quite certainly comes with transactions, while manufacturing goods in bulk, the initial cost of the goods is pressured by a downward trend.
Before we jump into the benefits and talk about the importance of Minimum Order Quantity, it’s important to know the true meaning of the term that is so important in the world of businesses, especially when it comes to inventory.
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