Price Hikes

Your supplier just raised their prices. What now? How do you know if the increase is fair and reasonable?

Page 1

Question and verify the basis of the increase. Category tariffs, raw material costs, capacity constraints, and supplier-specific issues are some examples.

Page 2

Page 3

Page 4

Page 5

Page 6

Page 7

Page 8

Page 9

Kormac Insights

May 2, 2025

Price Hikes
Mitigating Supplier Price Increases

Tackling supplier price increases one by one? Price hikes are hitting businesses everywhere, but how we respond makes all the difference. Here’s our step-by-step framework for validating and mitigating supplier price increases.

👉 Swipe for actionable strategies, or check out the highlights below.
• Assess justification for the increase
• Check contract terms
• Benchmark market alternatives
• Evaluate business impact
• Leverage strategic sourcing and volume pricing
• Analyze should-cost and cost-reduction options

We help our client partners develop and install Strategic Sourcing programs that leverage total spend, reduce costs, and protect supply for the long term.

Ready to move from tactical firefighting to strategic advantage? Let’s talk.