Setting Minimum Order Quantities (MOQs)
Aaron Ethridge
Last Update 9 giorni fa
Properly setting Minimum Order Quantities (MOQs) ensures your purchase recommendations are practical, cost-effective, and aligned with supplier requirements.
Follow these steps to set MOQs effectively in Planster.
MOQ is the smallest quantity a supplier will allow you to order in a single purchase. It’s essential for:
Ensuring compliance with supplier requirements
Optimizing order costs and logistics
Avoiding impractically small orders
Directly contact your suppliers to confirm current MOQs.
Regularly verify MOQ levels, as suppliers may adjust them based on market conditions or operational changes.
Consider the following factors:
Bulk discounts available at different quantity thresholds
Shipping costs and logistics efficiency
Storage costs and inventory turnover rates
Product shelf-life or expiration concerns
To update your product MOQ settings:
Navigate to the Products tab.
Select the SKU you wish to update.
Enter the confirmed MOQ directly on the SKU detail page.
Schedule periodic reviews of your MOQs, particularly if your suppliers’ terms frequently change.
Adjust MOQ settings based on changes in your business operations or strategic objectives.
Maintain clear communication with suppliers regarding MOQ flexibility and negotiation options.
Align MOQ settings with your inventory strategy to balance inventory holding costs and cash flow.
If you require further guidance or support in setting and managing your MOQs, contact Planster Support—we're always ready to assist you!