5 Tips for Acing a Supplier Negotiation

Here are five tips on how you can get the best deal out with your negotiations.

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Making a great deal is a key procurement skill, but not one that comes naturally to everyone. Thankfully, there are some basic approaches to negotiation that can help you get the best deal for your organisation, and avoid being taken advantage of.

To help you out, we've created a helpful list of the top five things you should keep in mind when you go into a supplier negotiation.

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Key Takeaways

In procurement, having great supplier negotiation skills is critical.
You should never go into a meeting unprepared, from researching suppliers to knowing your deal breakers.
How you make your first offer is critical, as this sets the tone for the rest of the negotiations.