Creating Calm Amid the Storm
(September 2011)

Volatility in commodities pricing can impact the bottom line—directly and significantly. Sharp price movements have increased prices by more than 100% in certain commodity segments. This volatility is only expected to continue, but companies can reduce its impact. By training buyers in the processes and tools for managing price increases, management can create an effective purchasing team skilled in evaluating, negotiating, and mitigating supplier price increases—in any economic environment.