MOQ (Minimum Order Quantity)
MOQ (Minimum Order Quantity)
Minimum Order Quantity (MOQ) is a policy implemented by businesses in the procurement process to ensure that they are able to meet their operational demands based on the number of products or services required. This policy sets an agreed minimum amount of items that need to be ordered to qualify for the offer and help businesses cover their costs. By setting an MOQ, businesses are also able to manage their inventory appropriately, ensuring that they meet customer requirements accurately.
