Author: Tony Pfenning
As a distributor selling air filtration and dust collection equipment into manufacturing facilities, I have seen firsthand that inflation is REAL! However, I do wonder if suppliers are doing all they can to curb that rate of inflation.
In manufacturing, price increases are typically introduced by a letter telling us about the cost of goods, labor and freight going up. They have done all they can and even been absorbing much of that increase but are forced to introduce higher prices. Blah, blah, blah, blah!
Many of these “price increases” are across the board on all products with the same percentage increase. We know that not all products have the same costs. Are we simply being lazy and increasing prices on all products whether or not their cost has increased? Are we taking advantage of the situation because we know that it will likely receive little to no resistance?
This is not to suggest that we can stop all inflation but are we simply accepting these continuing increases and passing them along to our customers whether those entities are manufacturers, distributors, or end users? To some level, I believe we are.
Dynacom, Inc. is trying to combat some of these increases to our customers by seeking out alternative suppliers wherever possible. We are increasing our inventory and buying when the cost is relatively low (compared to future price increases) so we can hold pricing longer and shorten potential lead times on critical items such as replacement parts.
Individually we can’t stop inflation. With some good planning and a proactive approach, there are things we can do to slow it down.
So, I ask the simple question…are we doing our part to slow down inflation?
Tony Pfenning, President
Key blog takeaways
- Are many companies simply being lazy and increasing prices on all products whether or not their cost has increased?
- Dynacom is trying to combat some of these increases to our customers by seeking out alternative suppliers wherever possible.
- Individually we can’t stop inflation. With some good planning and a proactive approach, there are things we can do to slow it down.
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