Price books must keep up with what parts actually cost.
In this article
Tracking costs
Key parts list.
Price book
Update quickly.
Keep reading — free
The rest of this article is worth the 20 seconds
Tell us where to send it and the full piece unlocks right here, along with everything else on this blog.
Rather just talk? Message us on WhatsApp.
Alternatives
Other suppliers.
Customers
Explain when needed.
Contracts
Escalation clauses.
A closer look
Many companies discover months later that their best-selling repair barely makes money because a part doubled in price. A short list of high-volume parts reviewed monthly prevents surprises.
Where to start
List your 20 most-used parts and compare current costs with your price book.
An example
A company found that a common part had risen sharply. Updating the price book restored the margin on that repair.
Common mistakes
Never reviewing costs, absorbing every increase and no contract clauses.
What to track
Track part costs and margins by repair.
Questions to ask
Which parts changed most? Is our price book current? Do contracts allow adjustments?
Price every call so it pays.
We help service businesses set clear policies, book better jobs and turn more calls into profitable work.
Frequently asked questions
How often should service companies update prices after supplier increases?
Review costs regularly, and update prices whenever key parts change meaningfully. Many companies review their price book at least quarterly.