As we approach the busiest time for supply chains (mid-August through December), it's crucial to refine your supplier negotiation tactics. Here are 5 key strategies:
1. Align Internal Teams: Gain visibility into your supplier base across departments.
2. Build Long-Term Supplier Partnerships: Focus on win-win agreements and early communication.
3. Prioritize Needs Over Wants: Embrace collaborative strategies and creative solutions beyond price.
4. Plan Concessions: Know what you're willing to give and what you need in return.
5. Make a Plan: Start early, set clear goals, and involve all necessary departments.
These strategies aren't just for peak season - they're valuable year-round for building strong supplier relationships and driving ROI. Read along with Peerless Supply to take a deeper dive into these strategies: https://bit.ly/3VZPo7y