Brian Gini always focused on price, but not cost. And then he started thinking about electrical distributors as partners, as opposed to vendors. “We were always trying to drive price down and forgot about the serviceability and efficiencies of getting the materials there when they were needed,” Gini, co-CEO at Collins Electric in Stockton, California, […]
Ability and availability are two crucial factors that determine productivity, costs and the bottom line for electrical contractors. Finding electricians to hire is hard, so keeping them safe once you’ve got them on the job is critical. To accomplish that feat, you need more than just basic safety training, you need the right gear and […]
Here’s one: An electrical supplies procurement planner says to the manager, “What do you like most, my new forecast, or my inventory projections?” The manager looks at all the spreadsheets and replies, “I like your sense of humor.” Unfortunately, the last two years have been one bad joke when it comes to the supply chain, […]
All Supply Chain Updates are authored by Kevin Reed OCTOBER 2022 MARKET WATCH Metals: Copper started September at $3.40 per pound, pretty much the same as it closed the month prior. There was a quick dip, once the Feds raised interest rates once more, but that proved to be short lived. CU has been […]
By: Kevin Reed, Director of Purchasing, Analytics & Strategic Growth Opportunities, Paramont EO The cost of metals continues to rise While the price of many raw metals has not increased all that much, yet, most manufacturers are still pushing up their costs on their pricing bases due to increased costs of freight and anticipated supply […]
With strict new sanctions on Russia, some important facts that will affect our industry directly are outlined below. Combined, Russia and Ukraine lead the global production of metals such as nickel, copper, and iron. Neither country will be able to keep capacity if they are mired in war. With metals making up a large part […]
As a true partner with electrical contractors, it is our responsibility to educate our clients about new products and technologies. Our goal is to provide insight that will empower electrical contractors so they will have more options, opportunities and projects. This knowledge sharing underscores the fact that Paramont EO is more than a full-service electrical […]
When it comes to electrical jobs, every hour that an electrical contractor can save goes straight to profits. Material handling accounts for 40% of the labor on a job – so let’s start there. If you break it down in plain speak, “material handling” means ordering the items. Then, it means waiting for the items. […]
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By Kevin Reed, Director of Purchasing, Analytics & Strategic Growth Opportunities In 2021 the Struggle Was Real To say 2021 was a challenging year, would be an understatement. We witnessed a dizzying array of unprecedented electrical supply chain disruptions from manufacturing shutdowns and slowdowns to Port and Border closures. The result was that sourcing of […]
