Minimum order quantity is the smallest order a supplier will accept under a particular set of terms.
How it works in retail
It may apply per style, colour, size, shipment or total order. Separate production and opening-order minimums may also exist.
A retail example
A supplier requires 60 units per style, with quantities divided among an agreed range of sizes.
What to keep in mind
Clarify what the minimum applies to. Meeting a total-unit threshold may not satisfy minimums for each colour or production run.
Examples are illustrative. Terminology and measurement conventions can vary by business and market.