Consumers are becoming even more discerning when it comes to the types of rice they buy. Different types of rice have different flavor profiles and nutritional contents. Thus, as a purchasing manager, you will need to develop relationships with a few different wholesalers or importers to provide a well-rounded stock for your business. Here are some things to know about purchasing rice and grains for your grocery store, health food store, or specialty retailer.
Stock a Variety of Rice and Grain Types
Certainly, some people are sticking with buying long grain rice or white rice. Others are concerned about the types of carbs they are taking in, and they will prefer a more nutritious rice; black rice or brown rice are becoming more popular around the US. Stocking basmati rice and other ethnic rices is a measure of cultural sensitivity as well as preference. Round out your grain supply with bulgur, quinoa, red lentils and other specialty grains that your customers require.
Choose Suppliers Carefully
Customers are becoming more and more likely to look at your supply chain. They may track down the suppliers of your products as well as the intermediaries. The idea of having a clean supply chain is that you don't buy products that were sourced from or passed through a company that is ethically ambiguous or that has a history of mishandling products or being obscure with consumers. When you buy any product, it will be your job as a purchasing manager to check the supply chain of that product and make sure all of the people involved are ones that you are willing to tie your business lot in with.
Some types of rice have a much larger profit margin than others. While you might be able to charge $5 for a specialty rice instead of $2, also consider that the relative markups of different rices differ. That is yet another reason why diversifying your rice purchasing is a good idea.
When you buy long-grain or basmati rice wholesale, you are taking advantage of a few things. First of all, basmati rice is a pretty sure bet in terms of sales. That means you'll almost certainly go through that stock quickly. But also, when you are able to buy in bulk and sell through your product, it allows you to pass some savings onto your customers. If you have great prices at your store for basmati and other types of common rices, customers are more likely to believe your selling prices for more specialty types of rice and grains.
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