The Impact of Copper Prices on Sales and Inventory
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Copper has a constant impact on sales and inventory, especially in the world of wire and cable. At Omni Cable, I was able to follow those changes and see how the company reacts to copper's volatility. Copper constantly fluctuates in price, as many commodities do. By tracking day-to-day fluctuations business can adjust their sales accordingly. It is impossible to predict the changes copper will have overtime because it is affected by a number of outside factors. Through observation and research it has become apparent that following the changing prices is essential to creating a business plan in the face of fluctuations. Implementing a copper reserve has proven to be a way to protect the company's assets in case of a decline in copper prices. Omni Cable Corporation is a good example of how their company works with the constant volatility of copper prices in the industry.