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Tips when negotiating new supply contract.

Asked a year ago

My current supplier contract is coming to an end in 6 months and soon I'll need to start negotiating for a new one. Overall I've been very happy with my supplier and they are easy to work with but margins are slim at the moment and I predict they will stay that way in the near future. I could use some help with negotiation techniques if someone has any to share. It would help me a lot, thanks!

Jolina Regin

Monday, March 13, 2023

Here are some tips to consider:

· Setting objectives for purchase negotiations.

· Identify the supplier’s objectives.

· Get familiar with the team and find out about their professional backgrounds.

· Be clear about your needs.

· Review past work history and achievements





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