What are the Key Objectives in Supplier Negotiation?
The primary objectives in supplier negotiation include:
1. Cost Reduction: Achieving the lowest possible cost for goods and services. 2. Quality Assurance: Ensuring that the quality of the products meets the company's standards. 3. Favorable Payment Terms: Negotiating terms that improve cash flow, such as extended payment periods. 4. Reliable Delivery: Ensuring timely delivery to avoid disruptions in the supply chain. 5. Long-term Relationships: Building a sustainable partnership that benefits both parties.