In July 2020 I published an article and post encouraging Purchasing Professionals to work with their Strategic Suppliers and acquire raw materials inventory at historic low costs.
Below is a link to that article.
For those of you that acted you are happy that you did! Since publishing that article the costs for raw materials has consistently
increased.
In Fact, on the commodities that I look at in July:
Steel is Up 44%, Plastic is Up 33%, and Paper is Up 20%!
There are always opportunities to save money in the Purchasing space, and it is always a good investment to have strong and robust
Purchasing and Supplier Management Processes.
https://lnkd.in/ekReBrf