Webinar recording: Reversing price increases from recent years - Using transparency to reduce costs
published on
5.9.2024
In recent years, many companies have had to contend with rising raw material prices and supply chain disruptions, resulting in significant price increases. With the current market calm, there is now an opportunity to reverse these price increases. But how can companies do this effectively?
In our exclusive live webinar "Reversing price increases from recent years: Using transparency to reduce costs" with Melinda Behncke and Franz Schubart from Tacto and Robin Lippmann, Head of Purchasing & Materials Management at ME Mobil Elektronik, we explain how you can reduce your purchasing costs through increased transparency.
The past few years have been characterized by extreme market conditions: Raw material price explosions, logistics bottlenecks, geopolitical uncertainties and inflationary tendencies led to a seller's market in which suppliers were often able to impose disproportionately high price increases. Now that the markets are calming down, it is time to act proactively and renegotiate fair prices.
Many SMEs face the challenge of effectively reversing price increases. If affected companies do not prepare, there is a risk of serious consequences: Competitive disadvantages due to excessively high purchase prices, missed savings potential and a weakened negotiating position with suppliers.
1. data transparency: Tacto makes it possible to compare commodity price indices with purchasing costs at the touch of a button.
2. recognize negotiating potential: Clear overviews of cost drivers allow unjustified price increases to be quickly identified.
3. Validate price demands: Data-supported argumentation makes it possible to quickly and effectively check price demands from suppliers.
4. strategic planning: identifying favorable times for negotiations and building up long-term expertise.
5. risk management: development of scenarios for various market developments and creation of contingency plans for price shocks.
Tacto offers a future-oriented solution for integrating price transparency and cost reduction into the purchasing strategy of medium-sized companies. By using a central platform, companies can significantly increase their purchasing efficiency, sustainably reduce costs and better prepare for future market volatility. The solution makes it possible to centralize purchasing data, automate price analyses and gain deeper insights into cost structures. As a result, companies can not only reduce costs in the short term, but also strengthen their competitiveness in the long term.
