Buying at large quantities of a particular product one time is referred to as bulk buying. Bulk buying results to purchase of goods at a lower price than the usual. The selling of goods in large quantities at a low unit price to retail merchants is referred to as wholesale. By using economies of scale to increase profits factories are also represented by wholesalers. While retailing is buying of good in a wholesale to sell them in small quantities at higher prices to consumers. In order to enjoy economies of scale in bulk buying then consumers pay a lower price per unit in exchange for purchasing much larger quantities.
The consumer is able to satisfy their demands at a lower total cost by acquiring more use value per dollar spent. Flours, grains, nuts, dry beans, seeds, spices and herbs, dry pasta, trail mix, dried fruits, ground and whole bean coffee, nutritional yeast, powders, cereal and granola are some of the items that are sold in bulk. Some benefits have been realized by using bulk buying. The benefits include; its more eco-friendly, saves money, trying of new things, you only buy what you need and one is able to buy hard-to- find items. Bulk buying enables one to get only what they need as they get exactly what they need without having the rest of it that you may never use.
Less individual packaging results to less waste when bulk buying is applied. Trying out new things means that as an individual then small quantities can be used while at the same time testing out new grains without really committing to a whole package. When buying hard-to-find items like nutritional yeast as an example then bulk buying is the rescue since its mostly found in the bulk section.
Saving of money by bulk buying is realized from the lack of individual packaging, labeling and advertising. However there are tips in bulk buying in order to be profitable which are; calculate the price per ounce, take your own containers or re-use containers and finally feel comfortable asking the workers when the bins were last changed, their cleaning practices among others.
Lack of storage, lack of variety and perishability of some products these are some of the disadvantages of bulk buying. As a downer lack of variety means that one has to finish the products they have as they cannot use others. Perishability of some items is quite wanting and this is aggravated by poor shopping skills. In terms of lack of storage means that if you live in a cramped up space then bulk buying is difficult this because the mess that can be caused might be quite big and also clutter problems.