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Old 07-29-2020, 11:55 AM   #1
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Default Stupid question about supplier pricing

Do supplier put their pricing into some sort of online data base to be compared with other supplier?
Like in the case of Accubid, I have never used it before but can it be used for material cost comparison?
I am currently entering in prices from different suppliers quotes and building my own price list but I noticed that prices change almost daily.
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Old 07-29-2020, 01:12 PM   #2
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Quote:
Originally Posted by newbie44 View Post
Do supplier put their pricing into some sort of online data base to be compared with other supplier?
Like in the case of Accubid, I have never used it before but can it be used for material cost comparison?
I am currently entering in prices from different suppliers quotes and building my own price list but I noticed that prices change almost daily.
There are daily pricing systems out there to subscribe to if you have the money.
I don't know if Tracer is still around but I was a subscriber for years back when it was a paper thing updated weekly and fit into a six ring desk binder. Pain in the ass to replace the fifty or so pages every week so secretary was assigned to the job just because I am a meany. It was a very helpful thing, but now it's easy to just get quotes from suppliers for the materials I am planning to use on jobs or bids by sending a list to quote over the net. My lists are fairly small these days compared to the monster projects I used to bid on.
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Old 07-29-2020, 01:49 PM   #3
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In my experience, most SH will put you into one of two groups, a standard discount based on your total purchases or they will build a "contract" with a specific supplier for specif items that you use regularly.

Right now I have a contract with Siemens for 6 months on their surge product line as part of a promotion our marketing guy wants to try. We are really looking at penetration more so then any sales, but if it works we know where and where not to spend money.

Cheers
John
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Old 07-29-2020, 03:54 PM   #4
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Being a tool supplier, we get our prices from the manufacturers and discount to customers based on order size or the volume they do. Every manufacturer has different pricing structures, so discounts vary. I know it's a very different situation with purchasing wire and pipe, since the copper and steel are commodities, and prices do fluctuate daily. Like Navyguy said, you can sometimes negotiate longer term contracts to lock in at a certain price.
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Old 07-29-2020, 07:51 PM   #5
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Navyguy;5378070]In my experience, most SH will put you into one of two groups, a standard discount based on your total purchases or they will build a "contract" with a specific supplier for specif items that you use regularly.

Right now I have a contract with Siemens for 6 months on their surge product line as part of a promotion our marketing guy wants to try. We are really looking at penetration more so then any sales, but if it works we know where and where not to spend money.

Cheers
John[/quote]

This is exactly the way it was done with the two supply houses I worked for.
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Old 07-29-2020, 08:30 PM   #6
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At least one of my suppliers will allow me to download a price list in Excel format. If you enter your suppliers part numbers into your spreadsheet, you should be able to utilize the vlookup to pull pricing in to your spreadsheet from their data semi-automatically.
Haven't had time to do it, but I don't see any reason why it wouldn't work.
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Old 07-29-2020, 10:55 PM   #7
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Well well, its still around. I haven't used that since the first half of the 1990's. like I said, back then they featured paper version. Way different nowadays. https://www.tradeservice.com/product...al-contractors
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Old 07-30-2020, 08:07 AM   #8
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Quote:
Originally Posted by newbie44 View Post
Do supplier put their pricing into some sort of online data base to be compared with other supplier?
Like in the case of Accubid, I have never used it before but can it be used for material cost comparison?
I am currently entering in prices from different suppliers quotes and building my own price list but I noticed that prices change almost daily.

That is a clear violation of federal anti trust laws (collusion). That’s different from gathering public data on your competitors. There are some general business practices as far as accepted typical discounts. If you notice after several quotes usually everyone is within 10% there is a reason. If someone is unusually high or low there is a reason. Manufacturers typically discount 20% to retail to each other and 10% to installers

Good/better/best still matters. And labor vs material does too. Simpull can be worth the premium. Your image matters too. Some customers are fine with BX. Some might question IMC:
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Old 07-30-2020, 08:23 AM   #9
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Quote:
Originally Posted by paulengr View Post
That is a clear violation of federal anti trust laws (collusion). That’s different from gathering public data on your competitors. There are some general business practices as far as accepted typical discounts. If you notice after several quotes usually everyone is within 10% there is a reason. If someone is unusually high or low there is a reason. Manufacturers typically discount 20% to retail to each other and 10% to installers

Good/better/best still matters. And labor vs material does too. Simpull can be worth the premium. Your image matters too. Some customers are fine with BX. Some might question IMC:
Lowe's and Home Depot put their prices on line. Are they violating federal anti-trust laws?
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Old 07-31-2020, 05:16 PM   #10
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I wish Hacky were here to give his input.

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Old 07-31-2020, 05:41 PM   #11
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Lowe's and Home Depot put their prices on line. Are they violating federal anti-trust laws?

Not at all. Gas Buddy is legal, too. And there is nothing illegal about sending “secret shoppers” in or asking what someone else quoted after the fact to see where you stand.

What you can’t do is Lowe’s can’t call HD and the two of them decide what to charge ahead of time. Private discussions are illegal. “Public” ones are not. With vendors. With consumers you can legally get a better deal than asking price. As long as every vendor is “freely” setting prices it is legal. You see it all the time when one gas station drops prices overnight then by the next afternoon every station has the exact same price, or the fact that almost nobody pays list prices on real estate.
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Old 07-31-2020, 07:18 PM   #12
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I wish Hacky were here to give his input.

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Old 07-31-2020, 07:59 PM   #13
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That really hurts.
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Old 07-31-2020, 08:17 PM   #14
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I wish Hacky were here to give his input.


Just buy everything from Northeast

Any of you MA, NH or ME guys who do business with Rockingham and want to know what they charge for an item. Get out your Northeast app and look up their price. Add 20% to it, and that's the price at Rockingham It's pretty damn accurate. Try it. As much as NE sucks, money talks.
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Old 07-31-2020, 09:14 PM   #15
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Just buy everything from Northeast

Any of you MA, NH or ME guys who do business with Rockingham and want to know what they charge for an item. Get out your Northeast app and look up their price. Add 20% to it, and that's the price at Rockingham It's pretty damn accurate. Try it. As much as NE sucks, money talks.
Years ago my EC friend told me how great NE is, so I looked over his invoices. Almost everything was what you would pay at True Value and that was his "trade price." I vowed never to set foot in the place, ever. So, that being said, Rockingham sounds like Granite City.
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Old 08-01-2020, 02:46 AM   #16
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Years ago my EC friend told me how great NE is, so I looked over his invoices. Almost everything was what you would pay at True Value and that was his "trade price." I vowed never to set foot in the place, ever. So, that being said, Rockingham sounds like Granite City.
You guy's prices are mere childs play. I will say one thing - Home Depot smoothed things out a bit. The monopoly was broken once they moved here and undercut all supply houses by half.
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