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Project Management: How Paramont EO Helps Electrical Contractors Manage Time, Cost, Quality
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, […]
PPE Alert: 3 Smart Ways To Protect Electric Contractors from Costly Injury, Loss
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 […]
‘Direct Through Stock’ Adds Bottom-Line Value
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, […]
Electrical Distribution Supply Chain Update
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 […]
The War on Metals Intensifies Supply Chain Crisis
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 […]
The War on Metals
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 […]