Reduce prices? In any case! But how?

HealthCareBrain — Wed, 31 Jul 2024 08:44:51 +0000

Costs are rising. Everywhere. We notice this privately.
So we must also notice it in purchasing(?!)

Is that really the case?
📉 Inflation is falling in Germany and the USA
📉 Compared to 2022, global market prices for metals such as titanium, nickel and aluminum as well as for plastics and natural fibers such as cotton or rubber have fallen considerably*
📉 The cost of fossil raw materials for energy production, especially natural gas and oil, has also fallen, resulting in significantly lower energy costs.

📊 Yes, we have not yet reached the 2019 level in most indices.

Shouldn’t the purchasing department still be demanding significant price reductions? Yes, says our podcast guest and long-time negotiation trainer and editor-in-chief of the information service #Einkaufsmanager Hans-Christian Seidel.

Hans-Christian Seidel is a guest at HealthCareBrain for the second time

I talked to him about the current market situation on the #commodity markets and typical arguments for price increases in #purchasing.
Which ones does he let pass? Which ones can he only smile about? Find out!

His plea: Purchasing must become “bolder” and take more time for negotiations

You can find our conversation exclusively on the HealthCareBrain Podcast on Spotify, Apple and everywhere else where podcasts are available.

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July 2024 vs. Apr. 2022: Titanium -62% / Nickel -48% / Aluminum -27% / Polypropylene -12% / Cotton -49% / Rubber -6% / Natural gas -57% / Crude oil (Brent) -16% / Source: tradingeconomics.com

Prices – HealthCareBrain

Reduce prices? In any case! But how?