Buying Your Ingredients in Bulk? Take Note of These Key Tips
If your business involves making food in any form, you probably already know how important it is to buy your ingredients in bulk. However, simply purchasing bulk cocoa powder, sweeteners, or shortening agents simply isn’t enough! To maximize your savings, you need to know about important bulk buying tips and put them into practice in your day-to-day business processes. We’ve listed some of these tips below:
Set a budget (and stick to it)
Ingredients that are offered in bulk have lower per-unit costs, which can tempt business owners to buy more than what they need. To avoid this temptation, sit down and take a look at the amount of ingredients that your business goes through on a daily basis. This way, you’ll have a clear idea of how much you will need to purchase, and you can stick to that limit instead of going on a shopping spree and spending a fortune.
Find the right suppliers
Not all ingredient distributors are created equal. Some offer low-end ingredients that are affordable and budget-friendly, while others provide world-class options but at sky-high prices. Because of this, you’ll want to find suppliers who create a balance between cost and quality and can provide you with top-of-the-line ingredients at fair and reasonable prices. Make sure that their ingredients are obtained from reputable sources, and read through their reviews to know if their customers are satisfied with their product quality or not.
Know how to properly store your ingredients
Buying in bulk is only half the battle: once the products are in your hands, your next priority is to ensure that they are properly stored. If you’re buying bulk canola oil, for example, you’ll want to keep it in a cool, dark area so it can last for up to 6 months (or refrigerate it to make the oil last for up to 9 months). This way, you can extend their lifespan and prevent them from spoiling too quickly, and you’ll avoid creating unnecessary waste and flushing your money down the drain.
Take note of expiration dates
Bulk buying only makes financial sense if you’ll actually get to use all of the ingredients that you purchase. If you end up throwing out most of them, you’re simply wasting your hard-earned money. Fortunately, you can keep product spoilage at bay by not just buying only what you need and storing your ingredients properly but also by taking note of their expiry dates and using the first-in, first-out (FIFO) system. By taking these steps, you can use up ingredients before they spoil and you’ll avoid wasting money on preventable spoilage.
Take these steps to seamlessly incorporate bulk buying into your business processes and save as much money as possible! If you’d like to get more tips about bulk ingredient buying, or if you’re looking for the right ingredient suppliers to trust, make sure to call Rapid Food Solutions (RFS). We offer a wide range of high-quality ingredients, from the traditional versions to specially formulated products that are non-GMO, nut-free, certified gluten free, peanut acceptable, and kosher certified. Learn more about our world-class ingredients as well as our packing and co-manufacturing solutions by giving us a call today at Rapid Food Solutions.