The Definitive Guide to Supply Management and Procurement: Principles and Strategies for Establishing Efficient, Effective, and Sustainable Supply Management Operations by Tate Wendy

Author:Tate, Wendy...
Language: eng
Format: epub
Published: 2014-01-29T21:05:05.292000+00:00

Step Two: The next step in the price analysis problem is to look at the producer’s price index for the commodity you are interested in.

Figure 3-4 Producer’s Price Index for fuel and related products and power

Step Three: Create a table (see Table 3-5) to compare the percentage of change for both of these. The percentage of change is calculated from where you started (beginning); then subtract the period of time you are considering (ending) and divide the result by where you started. This gives you a percentage of increase or decrease over a period of time. You can compare any time period of interest. For ease of explanation, only one year is compared in the table.

Table 3-5 Percent of Change Comparison Actual Versus Market

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