Answers
Ans) Negotiate the right deal :
Negotiating the right deal with hedoesn't necessarily mean getting what you want at the cheapest possible price.
You may want to negotiate other factors such as delivery times, payment terms or the quality of the goods.
Most business owners would view a good deal as one that meets all their requirements. But there are many other factors to consider, such as whether you want to do business with a particular supplier again.
Both sides should conclude a negotiation feeling comfortable and happy with the agreement. Negotiations can be unsuccessful if either side feels forced into a corner.
This guide sets out how to negotiate a deal, including setting your objectives, understanding your supplier's position and using the right tactics.
Setting objectives when negotiating with suppliers
Understand your supplier
Developing a negotiating strategy
Negotiating team
Conduct negotiations
Negotiating on price
Running checks on your supplier
Drawing up a contract for your purchase
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