{"id":2526,"date":"2008-08-07T17:03:00","date_gmt":"2008-08-07T17:03:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2008\/08\/07\/inflation-plus-negotiation-does-not-need-to-equal-frustration\/"},"modified":"2021-07-16T04:08:04","modified_gmt":"2021-07-16T08:08:04","slug":"inflation-plus-negotiation-does-not-need-to-equal-frustration","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/inflation-plus-negotiation-does-not-need-to-equal-frustration\/","title":{"rendered":"Inflation Plus Negotiation Does Not Need To Equal Frustration"},"content":{"rendered":"<p>I hope that you have enjoyed the article \u201cNegotiating Successfully In Inflationary Times.\u201d<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>What I\u2019m seeing among some purchasing and supply management professionals is bordering on a panicked reaction to commodity price levels. Paying closer attention that ever is advisable, but this is not the time to panic.<\/p>\n<p>As the article suggests, there are things that you should be doing to contain costs. I also think that anyone struggling with inflation should assess their situation by asking these types of questions:<\/p>\n<ul>\n<li>Is the price increase proportional to what\u2019s going on in the market?<\/li>\n<li>Am I globalized enough in this category? (If you have realized cost savings in the past by moving your sources from domestic suppliers to global suppliers and you\u2019re experiencing inflation, that\u2019s one thing. If you\u2019ve never explored a global sourcing strategy, that\u2019s another.)<\/li>\n<li>Could the market be peaking or is there no end in sight when examining the rationale for the inflationary effects?<\/li>\n<\/ul>\n<p>When you look a year or more down the road, timing is everything. You might hedge like Southwest Airlines (historically good) or like Palisades School District (questionable, hat-tip to strategicsourceror.com).<\/p>\n<p>Hindsight may be 20-20 for the average person. But, in today\u2019s challenging purchasing and supply management world, your foresight better be just as good.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I hope that you have enjoyed the article \u201cNegotiating Successfully [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inflation Plus Negotiation Does Not Need To Equal Frustration - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/inflation-plus-negotiation-does-not-need-to-equal-frustration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation Plus Negotiation Does Not Need To Equal Frustration\" \/>\n<meta property=\"og:description\" content=\"I hope that you have enjoyed the article \u201cNegotiating Successfully [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/inflation-plus-negotiation-does-not-need-to-equal-frustration\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2008-08-07T17:03:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-16T08:08:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/11\/nlpa-images-044.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/inflation-plus-negotiation-does-not-need-to-equal-frustration\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/inflation-plus-negotiation-does-not-need-to-equal-frustration\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Inflation Plus Negotiation Does Not Need To Equal Frustration\",\"datePublished\":\"2008-08-07T17:03:00+00:00\",\"dateModified\":\"2021-07-16T08:08:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/inflation-plus-negotiation-does-not-need-to-equal-frustration\/\"},\"wordCount\":238,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"articleSection\":[\"Procurement\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.certitrek.com\/nlpa\/blog\/inflation-plus-negotiation-does-not-need-to-equal-frustration\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/inflation-plus-negotiation-does-not-need-to-equal-frustration\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/inflation-plus-negotiation-does-not-need-to-equal-frustration\/\",\"name\":\"Inflation Plus Negotiation Does Not Need To Equal Frustration - 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