Eventually things will always change, and that includes higher prices.
Today’s blog is by Margaret Stewart, Director of HR, and Administration at SafeSourcing
Prices are going up and have been for some time. Supply shortages and no shortage of demand have triggered companies to increase prices to cover their costs. While this is inflation hits every one of us, there are some things to keep in mind. Prices always fluctuate and will eventually level. Just like the say, what goes up must come down.
In all reality, prices can go up and stay up for a long time, but eventually they will hit a point where the price is too high and demand will dwindle, spurring that eventual price drop. While some things may have a high price all the time, like gold or diamonds, the prices there can fluctuate a great deal. This is when having an agreement in place can help your organization maintain a steady supply and a steady price.
A procurement partner, like SafeSourcing, can help you find the goods or services you need and help find the right supplier that can offer a competitive price and the stability that lets you carry on without concern over the day-to-day price changes. While we may not be able to control the price of gold or diamonds, we can help you source just about anything your organization needs at a competitive price and the reliability of a vendor you trust.
While this tactic may not work for every item, the general idea is the same – that there are ways to overcome shortages or at least make effective use of the time until the shortage is back in stock. SafeSourcing is a procurement partner that can help you find products that you already buy or even ones you have never bought.
For more information on what the SafeSourcing team can offer you, or on our Risk Free trial program, please contact a SafeSourcing Customer Service representative. We have an entire team ready to assist you today.