As a smaller business, I have two major projects coming out this summer; work for the local school districts and a large remodel. I’ve already ordered all the parts for these jobs in expectation that my parts house will have great supply right now, but it will dwindle off as the projects come due. Major management companies I work with seem aware that prices will increase, but they don’t seem to be accounting for the fact that all of us will be fighting for fewer parts.Fortunately, I have a good relationship with my supplier, and parts of these orders are going to sit on the shelf with my name on them to be picked up in the near future, helping push out my cost.
This is a nightmare, trying to figure out what’s going to run short, but at least we went through it in 2008 as a practice run. Unique to see us do it on purpose.
As a smaller business, I have two major projects coming out this summer; work for the local school districts and a large remodel. I’ve already ordered all the parts for these jobs in expectation that my parts house will have great supply right now, but it will dwindle off as the projects come due. Major management companies I work with seem aware that prices will increase, but they don’t seem to be accounting for the fact that all of us will be fighting for fewer parts.Fortunately, I have a good relationship with my supplier, and parts of these orders are going to sit on the shelf with my name on them to be picked up in the near future, helping push out my cost.
This is a nightmare, trying to figure out what’s going to run short, but at least we went through it in 2008 as a practice run. Unique to see us do it on purpose.