Ordering in bulk or wholesale prices has its advantages, and most businesses do them because of its practical purpose and ability to save you a lot of money, no matter if it’s a digital business or a traditional brick-and-mortar. However, purchasing in bulk can also be stressful especially when you are to consider the level of management it demands to keep you organized and don’t leave the business in a mess. So the essential question we have to ask ourselves is how can we effectively bulk orders so it won’t allow us to be disorganized and keep our inventories well-managed? If you indeed have these concerns in mind as of the moment, then you would be glad to know that the short yet informative blog I prepared for today will provide you with the answers you need about the subject matter. In this blog, I will share with you my insights on how to effectively handle bulk orders that will enable your business to grow in the process. So without any further delays, let’s get right into today’s discussion.
Ask for the Available Stock
First and foremost, you have to inquire if the supplier has sufficient inventory to accommodate the number of your orders. You have to take into account your storage space and the expected demand for the products you are going to sell to your customers. Then, translate your estimation to the supplier and ask them whether they have enough inventories for your needs. A good piece of advice here is that you may have to make an excess order in case of contingencies in order for you to account for emergencies as well if they happen. It is better that you have extra goods in your hands than running on low demands when you need them in such events.
Ask for the Estimated Cost Upfront
Expect that the total cost of the goods is not the final price you have to pay. There are other expenses like customs, handling fees, and freight charges that shall be shouldered by either the buyer or seller depending on the shipping arrangement they have agreed upon. With this being said–it is of utter importance that you ask for the upfront cost so it would allow you to prepare your budget for the transaction and the eventual shipment of the products to your warehouse or storage facility.
Seek Discounts Whenever it is Applicable
In most cases, sellers will allow discounts for transactions that are wholesale prices or bulk ordering. If you are not sure whether they are applicable to your current transaction or not, it would be best for you to inquire with the seller if there are any applicable discounts to your transaction with them. Also, doing so enables you to save more money and lessen the expenses you have to incur shipping costs. Furthermore, in some cases, you have built a good relationship with your supplier. They should give you additional savings and discounts every time you do business or make transactions with them.
I hope the short blog I prepared for today has provided you with the insights you seek to help you handle your bulk orders more effectively. It might seem an arduous task due to the volume of goods you have to manage, but handling them with a grace that allows you to properly handle them with ease and convenience is not far-fetched as I discussed in this blog. As you see, there are simple ways you can make your life a little easier by following the three tips I relayed. First and foremost, you have to check the availability of the inventories and ask for the cost involved for the entirety of the transaction including the shipping-related costs so you won’t be surprised when the actual payment for the due expenses arrives. Lastly, it would greatly serve you if you ask for any discounts available to you in order for you to save money as a result.