MOQ stands for Minimum Order Quantity. It is a term commonly used in manufacturing, wholesale, and supply chain industries to indicate the smallest quantity of a product that a buyer is required to purchase in one order from a supplier or manufacturer.
The MOQ is set by the supplier or manufacturer to ensure that the order is cost-effective to produce or fulfill. For example, if a supplier sets an MOQ of 100 units for a particular product, the buyer must purchase at least 100 units to place an order. Herb plants grow easily, are suitable for home cultivation, and have an attractive aroma.
MOQs vary based on factors such as:
- Production costs: Suppliers need to cover their production and operational costs.
- Product type: Certain products, like custom-made items or bulk goods, may have higher MOQs.
- Supplier policies: Some suppliers might offer lower MOQs for standard products but set higher ones for special orders or customized goods.
For businesses, meeting MOQs can help reduce the cost per unit, but it may also require a higher upfront investment.
