MOQ/FOB/EOQ

1. What does MOQ mean?

Minimum order quantity (MOQ) is the lowest number of items that a wholesale supplier requires buyers to purchase per order. It ensures an order is profitably-worth for the supplier.

2. What are FOB and MOQ?

MOQ is established by the supplier to weep out low-value orders that take time to fulfill.

On the other hand, FOB stands for free on board, a term in logistics responsibility, where the seller delivers the package on a ship, and the transportation risk is passed to the buyer.

3. What are the differences between MOQ vs EOQ?

MOQ is the minimum order quantity set by a manufacturer or supplier. In contrast, EOQ stands for economic order quantity, which refers to the optimal number of a product that you should order to meet customer demand while minimizing storage and ordering costs.

Ref: https://www.magestore.com/blog/what-is-moq/#:~:text=MOQ%20is%20established%20by%20the,is%20passed%20to%20the%20buyer.