Inflation and Equipment Prices
2023 has brought rising prices in industries across the globe. Industries and companies have had to adapt to changing prices in unprecedented ways. According to historical data the overall US inflation rate in 2022 was 8%, the highest it has been since 1981! It’s been felt at the grocery store, across retail stores, and across industries, and equipment is not immune to these changes in pricing. It is important for equipment dealerships and rental companies to adapt their prices to respond to these changes to stay on type of their own costs.
Across manufacturers and OEM’s, costs are increasing, which is leading to inventory cost increases. While we can’t change those costs, e-Emphasys can offer tools to manage and respond to those costs. Our e-Emphasys Supplier portal includes OEM parts catalogs, showing the most up-to-date pricing, and allowing you to place orders directly from the portal. Your dealership can respond to these changes in real time and respond to any price increases accordingly. This portal, along with the entire e-Emphasys Dealer Management Platform, connects to our BI+ platform. BI+ allows you to see your data at the click of a button. The customizable KPI’s in BI+ allow your dealership to establish a “single source of truth” and identify opportunities for cost savings. To learn more about how e-Emphasys can help your dealership adjust to changes in the industry, schedule a demo today.