A Supplier Puts Their Prices Up Mid-Year: Absorb It, Pass It On, or Renegotiate — in That Order
The letter arrives mid-year: your supplier’s prices are going up next month. It is not a negotiation yet, and it is not a crisis either, but it does need a decision in a clear order, before the new prices reach your own customers, and supplier price increase absorb pass on renegotiate is the order to…