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Keeping up with assigned credit limits on accounts
October 4, 2024
Q. I am having a challenge with trying to keep up with assigned credit limits on accounts. Due to many price increases in raw materials, fuel, and packaging items, we have had four price increases to our customers since April 2021 and another increase might be coming before year end. Also, coming into play are raw material shortages within our industry. Some accounts are trying to order greater quantities at one time or are ordering more frequently. With every price increase or increase in…
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