Most everyone, when researching bulk olive oil, will have the question "What is the price of bulk olive oil?" This is a more complex topic than you might expect, as there are many factors that can affect pricing.
Continue ReadingMost everyone, when researching bulk olive oil, will have the question "What is the price of bulk olive oil?" This is a more complex topic than you might expect, as there are many factors that can affect pricing.
Continue ReadingAn order you send to any food ingredient supplier is, at the very least, a gentleman's agreement on both sides. To be able to get just what you're looking for you will need to make sure that you include all the necessary details.
When was the last time you were able to order a shirt on, say, Amazon and you didn't have to specify the size you wanted, color, or your shipping address? You are probably thinking to yourself, never.
Let's begin to look at the different details you need to make sure you are giving your supplier on your PO. In the industrial industry, a purchase order is important, to begin with - it's basically your contract. With any contract, you will want to make sure that you specify in writing the details you have agreed on. You will also want to make sure you've covered everything that could affect your order.
Sometimes the details can be a wide range and you may not naturally include certain information because it doesn't directly affect you. That's why we have created a list of all the information that you should make sure you include when you're putting your orders together. This applies to any industrial food supplier you work with.
Continue ReadingHigh quality, non-GMO and organic oils are in such high demand. If you use specialty oils or natural oils as a bulk ingredient in your manufacturing facility you are probably already well aware.
These premium oils often come at a higher price. Perhaps you are already feeling the pressure from the market, and looking at other alternatives that could help you save on costs and increase your profitability.
Today, let’s focus on the giant elephant in the room…. the price. Here is how some of the most commonly known healthy non-GMO and organic oils compare.
Continue ReadingHave you ever wondered how companies that sell in bulk handle their shipping charges? Depending on how your supplier provides their pricing, shipping may or may not be included in the price automatically.
A price for bulk oil will often be quoted 'FOB' or 'Delivered'. Do you know what these terms mean? Having a clear understanding of these terms is very important to allow you to do an accurate cost comparison.
Continue ReadingAre you looking at bulk oils for the very first time from a bulk supplier? If your answer is yes, there are a few basics you will need to know. For example, you’ll need to know how much oil you are getting in one shipment, determine the weight of the different packaging options, and understand how much oil you are getting on one pallet.
Continue ReadingWhether you’re a natural food manufacturer or a food service distributor, finding the right supplier for your goods can be a tedious process.
Continue ReadingAre you looking for oils to use in your soap production? Depending on how much you buy, it may be cheaper to buy from a soap-making ingredient supplier who can offer all of your ingredients consolidated into one order.
We talk to lots of soap makers on the hunt for a good fit for a supplier, so we’d like to offer some recommendations.
Everyone who buys bulk olive oil knows that the harvest this year has been really tough. Prices have been high, and it’s affected suppliers and buyers across the board. It’s not just your company, prices have gone up for everyone. It’s challenging to say the least, and we understand how much this can affect your business.
As I’ve been working with customers trying to help them figure out how to handle these rising costs, we’ve had a number of suggestions that have consistently come up time and time again.
Continue ReadingAsk any food scientist what they do in between their new product development projects and they will typically answer…. “cost reductions”.
Food manufacturers are under constant pressure to lower their ingredient, packaging and processing costs and the responsibility usually falls over into the R&D group. Cost reductions are challenging because the goal is usually to keep the product tasting the same, keep the ingredient statement the same, preferably keep the “order” of the ingredients the same — but at the same time, make the product less expensive.
Continue ReadingWhen I was little, I remember grocery shopping with my mother. I always wanted the small bags of pre-packaged crackers, perfect for boxed lunches. But she taught me quickly – “See this little box? It’s $2.00 per ounce. See this big box? It’s $1.00 per ounce for the same exact thing.”
Surprise, surprise… We bought the big box.
Many of us have memories like this. And as adults, if we want to lower the cost of ingredients for our company, what’s the first thing that you think comes to mind? That’s right. We want to save money by switching to a larger packaging size.
I was at Target the other day, buying socks. They were $4 per pair (when did socks get so expensive, right?).
They also had a had a pre-packaged set of 4 for $10. I bought the set. Why did I make that choice? Well, they were the same kind of socks and the set was cheaper (for each pair of socks).
It's nice to pay less money for the exact same product.
A similar situation also applies to the bulk oil that you buy. You can get the same sort of quick and easy savings on oil, without changing a thing about the actual oil that you're buying. It all has to do with how much oil you're buying.
Change how much you buy, save money.
Continue ReadingThe price of olive oil is going up this year. In short, global production is down by 25%, which is causing oil prices to increase around the world. If you use olive oil as a food manufacturing ingredient, this change affects your business and your profit margins.
You probably want to bring your cost of ingredients down -- not up -- right?
This is a common concern and is more challenging to achieve in poor olive harvest seasons. It requires you to look closely at your buying strategy and make some tough business decisions.
Continue ReadingWant to get the best deal on bulk edible oil for your business? You may not to pry it out of your bulk oil ingredient supplier. In fact, there's lots of simple things that you can do to help cut your own costs and save money. Hopefully, your supplier is already suggesting them to you!
Take this list into your next meeting with your bulk oil vendor and try to put as many of these strategies into play as possible. They will cut your costs, allow your team work more efficiently and best of all, prove your worth as a strategic and skilled purchasing manager.
Continue ReadingHave you heard predictions that your bul oil ingredient price will increase because the commodity market is going up? Hearing this news can be frustrating for purchasing managers, because you have no control over the market. You are, however, still responsible for protecting your business from rising costs. So what can you do?
There is, in fact, something that you can still do to cut your bulk edible oil costs in times like this. It all has to do with the global commodity market, where your oils are coming from and your buying strategy.
Continue ReadingLast weekend, I went to the grocery store for some ingredients to make chicken wings. I wanted to buy Frank's Red Hot Sauce to make a homemade buffalo sauce (delicious, I know).
I could buy a small 5 oz bottle for $1.48 (which came out to $0.29 per ounce, if you're doing the math). Or instead, I could buy a larger 12 oz bottle for $2.28. On this second option, I'd pay more overall for the larger bottle, but I'd end up paying less per ounce-- only $0.19 in comparison to $0.29. Heck yeah! I thought. I took option B.
By opting for the larger packaging size, I could save money on the same exact product. If you didn't already know, you can do the same thing on your bulk oil purchases to save money: change to a larger packaging size to save money on the exact same oil.
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