In today’s environment, purchasing departments are bottlenecked with managing price increases from the supply chain. Many times, price increase requests are set aside while purchasing deals with more critical day-to-day issues. When they are finally dealt with, suppliers attempt to institute retroactive price increases which cause havoc for company financial reporting.
Advanced Purchasing Dynamics has developed a best practice Price Increase Mitigation Service which provides a methodology to track and resolve a price increase request in a timely manner.
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