Price is one of the biggest factors as manufacturers and distributors compare bulk oil ingredients options. There's a good reason for this: it's one of the easiest characteristics to compare because it's a quantitative comparison (aka, it's a numbers game). This type of comparison is a lot easier to make than the qualitative comparison that QA and R&D will have to make (based on quality, taste profiles, etc.) .
That's why most companies start the sourcing/procurement process by looking at the price and narrowing down their options from there. Quality and R&D testing becomes a secondary act to help narrow down the options even further and final a final selection (or two or three) that will work well.
If price is a key component for your company, here's a collection of the most popular (and pertinent) bulk olive oil articles we've written, surrounding the topic of price and cost.
Get actual numbers for how much you can expect your olive oil to cost. Then see what types of factors are going to affect that ever-changing price.
Learn how the commodity market affects your prices, what makes the price of olive oil what it is and how to plan for the future.
Compare the different grades of olive oil available, and how their prices vary. The kind of oil you get doesn't just affect your final product quality-- it also affects your bottom line.
How to determine what your landed/delivered oil cost is, versus the FOB cost, which is the most common price given to you by ingredient suppliers.
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