buy in bulk

YOU SHOULD BUY IN BULK WHEN POSSIBLE

BUY IN BULK

Buying in bulk can be useful, but it can also present some problems. The need to buy in larger quantities can make storage of your inventory a challenge.  Plan appropriately.  Likewise, consider the variety of products you need to carry.  This, combined with the need for quantity, may be a hindering factor in wholesale purchases. Partner with a knowledgeable provider willing to provide the service you require.  A good wholesaler should know everything about the product and offer alternate choices.

Products Sold in Your Business

Selecting the best wholesaler for your product is essential to your profitability.  Wholesalers bring products directly to you from the manufacturer.  Discounted pricing is due to the fact wholesalers generally require purchases to be at certain minimums. Minimum order amounts are typical in most industries. ARE YOU BUYING RIGHT?

Wholesaler Selection Requires Research

An internet search of wholesale directory providers can serve as a starting point in making your vendor choice. Calculator in hand, perform analysis of unit costs when buying in bulk to accomplish the additional gains you expect. https://www.shopkeep.com/blog/how-to-buy-wholesale#step-1

Other Items to Consider When Buying in Bulk

Besides, when working with a wholesaler, you must ask the following questions?

  • Are there fees or memberships to pay to use the wholesaler?
  • Are there minimum shipping quantities?
  • How have other businesses rated working with the wholesaler?
  • Will your projected retail price give you the profit you desire?

When Should You Buy in Larger Quantities? 

  • If you normally purchase the same product every month, look at your monthly purchases and consider buying in case lots.
  • Obviously, you must look at the quantity of each case. As an example, if you use three of the items every week and a case quantity is 12, and if your budget allows, you should buy by the case.
  • Always look to see if the discount price is to your advantage.