February 2015
| Business World
161
service has led them to working with a va-
riety of suppliers and forging partnerships
with them. Being a home-grown company at
its core, Price values camaraderie, cohesive-
ness and efficiency.
“Being a team player with our vendor is one
of the most important aspects of our com-
pany,” he said. “We came up with Van Me-
ter Inc. out of Cedar Rapids, IA as our main
vendor for material supplies. They do just-
in-time deliveries for large scale commercial.
They also provide vendor-managed invento-
ry on our job sites as well as our pre-fab shop.
We’re more about service with our vendors
than we are at finding the cheapest material.”
While loyalty in the supply-chain ecosystem
of a business can be an underlying determi-
nant of the relationship, sticking with who
you know and what works best, is not a defi-
nite factor for Price Industrial Electric.
“95% of the time it’s based on the ability
of the vendor to provide us with great ser-
vice, timely/accurate deliveries and to assist
