Minimum Order Quantity (MOQ): How It’s Used When placing orders with product suppliers, businesses need to know the quantity of what they need. Many product sourcing companies set a minimum order quantity (MOQ) that ensures the supplier is also profiting enough off of the products manufactured. While the product supplier needs to benefit off of…
Original Equipment Manufacturer: How to Work with an OEM
Original Equipment Manufacturer: How to Work with an OEM Is your business in need of a custom or part or series of parts in an assembly? Partial or completely custom consumer product? Perhaps your product could be made better if you just had one specific part or modification. An OEM offers specialized or custom components…