Webinar Summary

Imagine you could glimpse into the near future and know when suppliers were likely to raise prices. Well, you actually can—and we’ll show you how.

In this webinar, we demonstrate how to create an early-warning system that alerts you to price-increase pressures months before you receive notices from suppliers. We’ll walk through the time window created by standard costing and FIFO systems, and cover what to do when raw material costs go down—including how to fend off increases, go after reductions, and stop price and margin creep for good!

What You’ll Learn

  • How to detect upcoming pricing pressure.
  • How to build a simple early warning system with ProPurchaser.
  • What to do when raw materials trend down for several months.

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Screenshot of a cost tracking graph from the ProPurchaser platform.