We’ve been mentioned by Business.com! Check the link below to see the article mentioning Flowmetrics.
The commodity market is ever-changing and in business predictions are key to securing profitability. When the cost of raw materials fluctuates manufacturing can quickly eat into profit margins and smaller companies can quickly turn south. There are some basic tips to building a safety net against the fluctuations in the commodity market.
Planning for eventual ups and downs is the best step you can take to dealing with commodities. By adding in a sliding scale for prices into your contracts, the changing costs of raw materials can be accounted for up to a predictable swing. If this method is taken, communicate with your clients that the prices are tied to the commodities used in your manufacturing. Stress that prices could go down just as much as go up to assuage any feelings of unfairness.
Another method to prepare for price changes is to build in prices of commodities higher than the predicted price. If you find that the market has shifted downwards you can offer a “discount,” yet if an increase occurs there is no change.
Click here for the full article by Tommy Wyher from Business.com.
Real clear site, thanks for this post.
I simply could not leave your website prior to suggesting
that I really enjoyed the standard information a person provide on your guests?
Is gonna be again continuously in order to check up on new
posts.
Excellent read, I just passed this onto a colleague
who was doing a little research on that. And he actually
bought me lunch because I found it for him smile Thus let me
rephrase that: Thanks for lunch!
I saw a lot of website but I believe this one has something extra in it.
Keep functioning ,impressive job!
Thanks for the noteworthy blog you’ve created at flowmetrics.com. Your enthusiastic take on the subject is absolutely contagious. Thanks again!
flowmetrics.com does it once again! Quite a informative site and a well-written post. Keep up the good work!