Inflation is at its highest point in several decades, and volatile demand and supply chain interruptions have led to almost daily changes in your operations costs. Many manufacturing companies are ill prepared to deal with these fast moving markets, leaving both sales and margin at risk. Compounding your planning difficulties is the uncertainty of knowing which price changes are temporary and which are permanent.
There are strategies you can use to manufacture margins in inflationary periods and maximize sales in deflationary periods. Join PROS’ Lead Strategic Consultant Bill Dudziak as he outlines:
- Why high margins don’t always signal a healthy business
- How to properly value/revalue inventory during periods of rapidly moving costs
- How to properly update pricing with changes in cost and demand with a level of granularity
- What to do when the market rolls over