Negotiating Win-Win Partnerships with Your Suppliers
Securing the lowest possible total cost of ownership from your suppliers or vendors is nearly always a preferred strategy of sourcing and procurement managers. It is, however, not the only pathway to a successful vendor relationship and, in fact, it may not be possible if you are a smaller player who is unable to compete with established organizations that can do much larger order volumes.
Drawing on this week’s readings and including at least one additional source from outside the course, share an out-of-the-box strategy to craft a winning partnership with a key vendor for your own organization that goes beyond low cost.
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APA Format, 400 words