Glossary of Bulk Oil Terms

Broker

Posted by Alexa Ketterling

Aug 8, 2018 2:20:38 PM

A person or company re-selling the finished goods of other suppliers.  Brokers can be advantageous to work with if they understand and can offer market knowledge, or new channels of supply or logistics.  They are often individuals or small groups with good relationships and low overhead (aka, they don’t run their own production / packing facilities).   However, they are often an added link in the supply chain which can add cost to your final delivered price.