• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Trading Life for a Weekend?
    Build a Business, Build a Life.
    Unleash the Dream.

    Become an UNSCRIPTED™Entrepreneur.

    UNSCRIPTED™ Entrepreneurship is an entrepreneurial business strategy that unleashes dreams, frees time, and explodes your income—but more importantly, it changes your life forever. Make no mistake; this isn’t something you “try”— this is something you live.

    FREE Download (Unscripted) FREE Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

FORUM SEARCH

Get answers about starting a business from real entrepreneurs. Powered by Google.

Raw material prices

Discussion in 'Product Creation, Inventing, Importing, Sourcing' started by Chosenone, Feb 10, 2018.

  1. Chosenone
    Offline

    Chosenone New Contributor

    Messages:
    12
    Likes Received:
    15
    Joined:
    Jan 11, 2018
    Gender:
    Male
    Location:
    Bulgaria
    Rep Bank:
    $107
    Hi Fastlaners.

    The raw material prices might play a major role in our sourcing strategy.
    By following them, we know when to push the manufacturer for discounts or to expect increase.
    To have full control over our product, we need to know the direct and indirect raw materials used for it's manufacturing (in more details for the terms here: Raw Materials).

    I found out, that it's quite inconvenient to follow several different type of materials simultaneously due to the lack of unified source (at least I haven't found such).

    The metals i track here (for Europe): London Metal Exchange: Home
    For the Polymers (PVC for example), I use: PIE Plastics Information Europe  Home (which is with subscription service).

    Still haven't found anything decent platform for paper or a all in one source (even better).

    Any information will be highly appreciated.

    By the way, this is a business opportunity as there is a need and thousands of perspective users (owners, Purchasing managers and etc.) :)
     
  2. Chosenone
    Offline

    Chosenone New Contributor

    Messages:
    12
    Likes Received:
    15
    Joined:
    Jan 11, 2018
    Gender:
    Male
    Location:
    Bulgaria
    Rep Bank:
    $107
    One last try to get attention here :)

    The topic is really important (for investors also).