Cost Control Secrets: How to Save Money in Paraffin Wholesale

In paraffin wax wholesale business, effective cost control is the key to improve profit, master these tips to make you save money easily.

First of all, the procurement process, to widely collect market information, establish contact with a number of suppliers, by comparing the price, quality and service, choose the most cost-effective partner. You can also try to centralize purchasing, and ordering in large quantities often results in a more favorable unit price. In addition, pay close attention to paraffin market price fluctuations and stock up when the price is low to reduce the average purchasing cost.

Transportation costs should not be ignored. Reasonable planning of transportation routes, consolidation of orders, and the use of full truckload transportation instead of LTL transportation can significantly reduce unit transportation costs. At the same time, negotiate more favorable freight rates with long-term logistics providers for some value-added services.

Inventory management is equally important. With the help of advanced inventory management system, accurately predict the market demand, to avoid the inventory backlog to occupy funds, but also to prevent the potential loss caused by out-of-stock. Optimize warehouse layout, improve space utilization and reduce storage costs.

As long as in the procurement, transportation, inventory management and other aspects of fine control, paraffin wholesalers will be able to effectively control costs in the fierce market competition, enhance their competitiveness and profitability .