6 tips for dealing with rising material prices
$225.00
Description
Abstract: Manufacturers face enormous business challenges today. The top two are rising raw material costs and supply chain challenges, according to the fourth quarter 2021 Manufacturers’ Outlook Survey by the National Association of Manufacturers (NAM). This article provides six tips for addressing increasing prices or decreasing availability of key manufacturing inputs, including purchasing materials in advance, negotiating long-term contracts, increasing prices and being flexible.
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