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Optimizing Procurement and Lessons from BeautyCounter’s Downfall
Learn how MOQ benchmarking can optimize your procurement, plus hear lessons from BeautyCounter’s rise and fall in our latest eCommerce on Tap episode.
Unlock Big Savings: How MOQ Benchmarking Can Boost Your Business
In a competitive market, every decision counts—especially when it comes to purchasing. One of the most effective ways to improve your buying process is by understanding MOQ (Minimum Order Quantity) benchmarking. Whether you’re looking to cut costs, reduce inventory waste, or strengthen supplier partnerships, mastering MOQ can be a game-changer for your procurement strategy.
MOQ benchmarking helps you compare your minimum order requirements against industry standards, giving you insights into areas where you might negotiate better terms or streamline your ordering process. With the right data, you can turn MOQ from a cost center into a tool for smarter, more flexible operations. Imagine being able to avoid unnecessary holding costs, meet customer needs faster, and increase cash flow simply by fine-tuning your order quantities.
Want to see how MOQ benchmarking can make a difference in your business? Our latest article breaks down the steps to start benchmarking effectively, key metrics to track, and strategies to negotiate with suppliers. Click here to learn how a few changes in your MOQ can lead to significant savings and a more agile, resilient business.
International Container Shipping Rates
The Drewry WCI composite index rose 4% to $3,213 per FEU, 69% below the September 2021 pandemic peak but 126% above the 2019 average. Rates on key routes from Shanghai to Europe and the U.S. saw increases, driven by rising demand as the Christmas season approaches.
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Ecommerce on Tap
In our latest episode, Nathan and Aaron explore Beauty Counter's rise and recent challenges, covering key points such as:
1. Leadership Shake-up & Staff Exodus:
Major leadership changes led to the resignation of key staff and controversy over a new Ulta distribution deal.
2. Financial Woes & Lawsuits:
Declining sales and talent loss have prompted lawsuits from consultants over policy changes, and CEO Gregg’s announcement of layoffs in April 2024 raised employee concerns.
3. Market Saturation & Innovation Stagnation:
Once a pioneer in clean beauty, Beauty Counter struggles with innovation and increased competition, leading to a decline.
4. Leveraged Buyout Complications:
We discuss the risks of leveraged buyouts, highlighting Beauty Counter’s financial troubles post-Carlyle acquisition.
5. Mission-Driven Strategy:
Greg's commitment is clear as she acquires assets from Carlyle's lenders, with Nathan emphasizing the need to focus on fundamentals and community rebuilding.
🧠 Expert Insights:
Leveraging Certification: Exploring the potential for Beauty Counter to become a certifying body for clean beauty.
Rethinking the MLM Model: Can technology revive the struggling MLM network?
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