019 – Get Set for Manufacturing Challenge: Day 4
What is an MOQ and why do manufacturers have them?
A minimum order quantity (or MOQ) is the lowest amount that a manufacturer is able to make of a certain product.
The manufacturer generally sets their MOQ based on how many of a production run they need to make in order for it to be viable for them.
MOQs can vary from manufacturer to manufacturer – and there is always a way to negotiate them, as you’ll discover in this episode.
This episode is the third in a series of 5 podcasts that accompany my Get Set for Manufacturing Challenge.
Each episode tackles one of the 5 key things that you need to consider if you want to start working with a a UK manufacturer.
To take part in the challenge go to makeitbritish.co.uk/getset and I’ll send you all the details.
Get Set for Manufacturing
If you are looking to manufacture in the UK but don’t know where to start, join our Get Set for Manufacturing Challenge and be factory-ready in 5 days!
Already completed the challenge? Why not take the next step with the Get Set for Manufacturing course? Building on the knowledge from the challenge through video content, downloadable resources and support through on online forum, this online course will help you successfully find and work with a UK manufacturer. Join the waitlist for our Get Set for Manufacturing Course here.
Subscribe to this podcast – and support UK manufacturing
Business Design Centre, London N1
Want to find out how your business can benefit from being at the show? Apply here