Bulk purchase agreements

A bulk purchase agreement is a contract where a buyer commits to purchasing large quantities of goods directly from a supplier at a discounted price. This arrangement benefits both parties: the buyer saves money through lower per-unit costs, and the supplier secures a guaranteed order volume. Such agreements are common in industries like manufacturing, retail, or food services, helping manage inventory, ensure supply, and reduce costs. They often specify payment terms, delivery schedules, and quality standards, providing clarity and stability for both parties involved.