Minimum Order Quantity (MOQ): Meaning, Importance & More

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If you’re in the eCommerce space for some time now, you must have come across the term Minimum Order Quantity. While some businesses like the concept, some don’t, as it comes with some restrictions on the inventory quantity. In this article, we will talk in detail about what is minimum order quantity and how you can define it for your eCommerce store.

Minimum Order Quantity
What is Minimum Order Quantity?
Minimum order quantity or MOQ is defined as the least amount of stock one can order from a supplier or the lowest stock the supplier is willing to sell. If you cannot purchase the minimum order quantity of an item you need, the supplier won’t sell it to you.

MOQs vary depending on the type of product. Precious items that cost more el-salvador phone number list to produce typically have lower MOQs, while lower value items that are cheaper to produce have higher MOQs. In the former case, your supplier can make a profit by selling a smaller quantity of the article, whereas in the latter case, suppliers will be counting on the number of items you purchase from them to make a profit. Thus you would need to buy more in number from them.