When a supplier raises prices, maintaining stable stock levels in your warehouse can be challenging. To navigate this, consider these strategies:

• Negotiate with suppliers: Discuss long-term contracts or bulk purchase discounts to mitigate price increases.

• Diversify suppliers: Reduce dependency on a single source by finding alternative suppliers who offer competitive rates.

• Optimize inventory: Use demand forecasting tools to maintain optimal stock levels, avoiding overstocking or understocking.

How would you handle a supplier's price hike? Share your insights.