Best Practices for Negotiating Contracts in Procurement

BEST PRACTICES FOR NEGOTIATING CONTRACTS IN PROCUREMENT

Procurement / By / March 10, 2023

Negotiating contracts in procurement can be a challenging and time-consuming process. However, if done correctly, it can result in significant cost savings and improved relationships between buyers and suppliers. The Best Practices for Negotiating Contracts in Procurement. 1. Understand the Business Needs: The first step in negotiating contracts in procurement is to understand the business …

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