Running out of stock means losing customers. A few simple decisions will keep your inventory stable.
Have a second supplier
For best-selling items, always keep an approved backup supplier.
Set a reorder point
For each product, define the stock level at which a new order is placed.
Sign an annual contract
An annual supply contract with monthly deliveries both fixes the price and gives you delivery priority.
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4 Comment
Thanks for the explanation. Is it possible to buy quantities below the minimum order?
Yes, for some products it is possible — please check with a sales specialist.
A practical article — especially the payment terms section. Very useful for my first bulk purchase.
Glad it helped. For free consulting you can also fill in the quote form.