Announcement

Collapse
No announcement yet.

Bulk Purchase versus Small Frequent Purchase

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • #61
    Re: Bulk Purchase versus Small Frequent Purchase

    Originally posted by hades_leae View Post
    Bulk purchases are definitely worth the cost because the product per unit is so much more cheaper, but not all businesses can afford to do it, and not all businesses actually need that much quantity.

    I love the concept, many big businesses take advantage of the because it's good for profits. You want to get your products as cheap as possible to maximize unit profits. I plan to do it when I start this new business in the future because I know it's worth it. I just don't like knowing that if things don't work out, then I have a bunch of products and lots of money lost.
    I understand and strongly agree with your opinion, as you stated large companies definitely benefit greatly form this but for the smaller ones it might lead to losses.

    Comment


    • #62
      Re: Bulk Purchase versus Small Frequent Purchase

      It, of course, depends on the product and what type of business you are. Most of the time, bulk purchases are a lot better than smaller and more frequent purchases because of the fact that you can get much higher discounts when you buy in bulk from your suppliers. And like you said, it is much better to get most of your purchases and products in one delivery rather than having multiple deliveries over the week. Of course, if you are a business that focuses on fresh food, it may be better to have smaller and more frequent purchases because you want to ensure that everything is fresh when it is sold. Buying those in bulk may be a problem especially if you are unable to sell off such a large amount really quickly.

      Comment


      • #63
        Re: Bulk Purchase versus Small Frequent Purchase

        Originally posted by hades_leae View Post
        Bulk purchases are definitely worth the cost because the product per unit is so much more cheaper, but not all businesses can afford to do it, and not all businesses actually need that much quantity.

        I love the concept, many big businesses take advantage of the because it's good for profits. You want to get your products as cheap as possible to maximize unit profits. I plan to do it when I start this new business in the future because I know it's worth it. I just don't like knowing that if things don't work out, then I have a bunch of products and lots of money lost.


        When you purchase in bulk, you can, of course, cut cost on procurement as the unit cost will substantially be reduced. However, when you are purchasing in bulk, you need a good warehouse. You must also be prepared to have stocks that never get sold.

        Comment


        • #64
          Re: Bulk Purchase versus Small Frequent Purchase

          I think there are times when buying in bulk is worth it, but other times when it probably isn't! This is just one of the things that you may have to wrestle with over time. Make sure that you get the choices you need when buying. Buying in bulk may not be the most efficient or practical way to get exactly what you desire in products.

          Comment


          • #65
            Re: Bulk Purchase versus Small Frequent Purchase

            I have heard that bulk purchases allow you to save money as a purchase in bulk cost you cheaper than the frequent purchase.

            Comment


            • #66
              Re: Bulk Purchase versus Small Frequent Purchase

              I personally run a small restaurant and know how hard it is nowadays to stay in a stable position. The restaurant business, like every industry, has its own trends which may be stable for years, or change every six months. Practically all troubles in my restaurant were because of bad coordination between distributors and staff. Then no one was aware of inventory rules. I had to teach staff of the new order.. Read more here https://joinposter.com/en/post/how-t...n-a-restaurant

              Comment

              Working...
              X