Explore other prompts
Minimum Order Quantities
Identify opportunities to negotiate MOQ with suppliers.
Free Up Working Capital
Free Up Working Capital
INDUSTRY
Apparel & Fashion
Consumer Electronics
Consumer Goods
Cosmetics
Food & Beverage
Retail
BUSINESS FUNCTION
Procurement
Supply Chain
Problem
Large quantities of excess inventory due to high Minimum Order Quantities (MOQ) from vendors.
Insight
Several items have defined vendor MOQs that are several times higher than the average monthly sales based on historical and forecasted demand, indicating an increased risk of overstock.
Impact
Negotiating lower MOQs can reduce inventory costs and minimize capital tied up in excess stock.
