Welcome to the WholesaleForum.com! Sign in or Register Free to benefit from our full range of free services

Welcome to Wholesale Forum.comWelcome ToWholesale Forum.comFind wholesale buyerstrade buyers and wholesale offers free

For Buyers

Wholesale Forum is the fastest growing online business community dedicated to retailers, auction sellers, surplus and overstock buyers needing a quick and safe solution for sourcing trade stock. Join our free and friendly forums today and gain knowledge, offer your advice, and discover new partnership opportunities:

For Suppliers

For wholesalers, dropshippers, manufacturers, distributors and trade services providers. Advertise your business today on WholesaleForum.com for free to reach potential trade buyers on a more personal level. Promote your latest offers, interact with buyers in real time, distinguish yourself as an expert in your field, and attract sales instantly.

Sign up now More benefits for Buyers
Sign up now More benefits for Suppliers
    1. Oregon_Ed is offline

      Join Date
      Oct 2010
      Location
      United States
      United States
      Posts
      34
      Thanks
      0
      Thanked
      2 Times in 2 Posts
      #1

      What does MOQ mean?

      Im just getting started in this business and have run across many abbreviations that I dont know, MOQ being one. Can somebody clue me in? What does MOQ mean?
      Over 150,000 Verified Sources + Deals 95% Off MSRP + Free Website!

    2. CWayCross is offline

      Join Date
      Oct 2010
      Location
      United States
      United States
      Posts
      87
      Thanks
      0
      Thanked
      0 Times in 0 Posts
      #2
      MOQ is the initials standing for minimum order quantity. Basically it’s the smallest amount that you can order from a vendor or factory.

      Most factories don’t carry stock any more. Basically when they receive an order, they set up machines and start making enough to cover that order. There are many costs in setting up a manufacturing line to produce an item and this machinery setup may have to be changed several times. There are also:

      • static charges such as port charges
      • machine time
      • trucking fees
      • waste, etc.

      The higher the quantity of items made divided into these initial costs drastically reduces the cost per item.
      Want To Be An eBay Powerseller?
      This is the Service You Need.

    3. Oregon_Ed is offline

      Join Date
      Oct 2010
      Location
      United States
      United States
      Posts
      34
      Thanks
      0
      Thanked
      2 Times in 2 Posts
      #3
      What if I need a smaller quantity than what their minimum is? Am I just out of luck?

    4. CWayCross is offline

      Join Date
      Oct 2010
      Location
      United States
      United States
      Posts
      87
      Thanks
      0
      Thanked
      0 Times in 0 Posts
      #4
      Sometimes the MOQ can be negotiated. You would need to contact the vendor. If not, then you would need to contact a wholesaler of that item or possible an importer.

    5. Oregon_Ed is offline

      Join Date
      Oct 2010
      Location
      United States
      United States
      Posts
      34
      Thanks
      0
      Thanked
      2 Times in 2 Posts
      #5
      Thanks for all your help. There are just tons of abbreviations out there, so I am trying to learn as much as I can.

    6. CWayCross is offline

      Join Date
      Oct 2010
      Location
      United States
      United States
      Posts
      87
      Thanks
      0
      Thanked
      0 Times in 0 Posts
      #6
      Here are a few more you might run into.

      FOB - Free On Board or Freight On Board. This specifies which party (buyer or seller) pays for shipment and loading costs.

      CIF - Cost, Insurance, and Freight. This is used when the supplier is responsible for paying the costs, freight, and insurance that is necessary to ship the items to the port of destination.

      L/C - Letter of Credit. It is a document issued by the buyer’s bank, authorizing the seller to deduct or debit a specified amount of money under specified terms. L/C is the often used payment method in foreign trade.

      T/T - telegraphic transfer or wire transfer.

    7. Oregon_Ed is offline

      Join Date
      Oct 2010
      Location
      United States
      United States
      Posts
      34
      Thanks
      0
      Thanked
      2 Times in 2 Posts
      #7
      Great, thanks! This will help tremendously.

Sign Up Now

Got something to say? Sign up now and join the discussions.

Tags for this Thread

Similar Threads

  1. Finger drums MOQ 12
    By bluwgroup in forum Electrical Toys
    Replies: 0
    Last Post: 05 Nov 2010, 10:19 AM
  2. Learn how a supplier calculates MOQ
    By CWayCross in forum Wholesale Discussion
    Replies: 7
    Last Post: 24 Jan 2011, 08:27 AM
  3. EOQ vs MOQ - What is the difference - Definitions
    By Forestdawn in forum Wholesale Discussion
    Replies: 5
    Last Post: 31 Jan 2011, 08:48 AM
  4. MOQ: Why do suppliers have minimum order quantities?
    By Forestdawn in forum Wholesale Discussion
    Replies: 5
    Last Post: 20 Jan 2011, 08:32 AM
  5. What's MOQ - Definition of Minimum Order Quantity?
    By Forestdawn in forum Wholesale Discussion
    Replies: 2
    Last Post: 15 Feb 2011, 08:05 AM
  6. Anyone knows a good chinese jewelry site with low MOQ ?
    By zeinia in forum Wholesale Discussion
    Replies: 1
    Last Post: 24 Aug 2011, 10:14 AM
  7. Costume jewellery wholesale to small boutiques and MOQ
    By Lynsey Luu in forum Starting & Growing Your Business Discussion
    Replies: 2
    Last Post: 12 Sep 2011, 11:20 AM
  8. How can I decrease MOQ? - Obtaining lower Minimum Order Quantity
    By Justin_AP in forum Wholesale Discussion
    Replies: 2
    Last Post: 25 Jan 2011, 05:43 AM
  9. Do Wholesalers sell in bulk only - Why do Wholesalers have high MOQ
    By BeckhamSale in forum Wholesale Discussion
    Replies: 3
    Last Post: 28 Apr 2011, 03:13 AM

My Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
All times are GMT -4. The time now is 02:15 PM. - Fixed Width