E-commerce terms can be extensive, and at times, it can feel like you’re drowning in eCommerce jargon. Here’s another one for you – MOQ, a common term used in the industry. But what does MOQ stand for, and what does MOQ mean exactly? Sit back and take a read as we take you through all the intricate details.
So, what does MOQ mean? Well, firstly we need to ask, what does MOQ stand for right? In short, MOQ stands for Minimum Order Quantity. More specifically, it refers to the least number of products or units that a supplier is willing to produce at one time. Everyone needs to make sure they aren’t selling themselves short, so MOQs are set by suppliers to ensure they are able to cover production costs and make a profit for themselves.
MOQs can vary from supplier to supplier, so it’s perhaps worth discussing this with your supplier, as the MOQ can sometimes be negotiable as well. MOQs are usually defined by the number of units that have been produced, or they can sometimes be defined by currency as well. It completely depends on the supplier.