How to Negotiate with Suppliers on Price

  • Browse number: ...
  • Release time: 2023-07-04

34

 

Over the last couple of quarters, suppliers have been asking for price increases (and they just keep coming)… Rising material prices, fluctuating exchange rates, and higher logistic costs – have recently been the typical culprits.

CMD President Paul Stepanek and CMD Operations Leader Michelle Liu were recently featured in IndustryWeek with a summary of negotiating tactics used we’ve used over the years. Among the many questions we get from clients, this one is coming up lately more than any other.

To summarize, the seven tips are: 

1.Listen
2.Unpack the BOM
3.Carve out SKUs
4.Make it temporary
5.Determine timing
6.Be a historian
7.Explain your costs

url: https://evernew-sourcing.com/news/27.html
Can't find any content

Contact Us

Yoko Lau
Tel:+66-918071980
Email:yoko@evernew-sourcing.com

Follow Us

Jeff Xie
Tel:+86-18658862901
Email:jeff@evernew-sourcing.com

Copyright:Evernew Sourcing Co.,Ltd.  Powered by hz-db.cn