Steel yourself for price increases
13 September 2012
Scarcity of raw materials means suppliers are in the driving seat and buyers must cultivate good relationships if they want to keep contracts. David Arminas reports
How an organisation treats its major and strategic suppliers could determine its bottom line in 2005 and well beyond.
For the first time, many purchasers are having to deal with hefty price increases by key suppliers, mainly in the raw materials sector or the first-tier manufacturing of indirect goods.
Scarcity of raw materials such as steel is becoming...