How to negotiate with suppliers in procurement

You need to know how to negotiate with your suppliers, otherwise you could end up with reduced profitability, financial strain, reputational damage
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About this video
In the context of procurement and supply negotiation can be viewed as a process of planning, reviewing and analysing used by a buyer and a seller when trying to reach acceptable agreement or compromises which include all aspects of the business transaction, not just prices.
By the time you are done with this video you will be in a position to;
1. Learn basic negotiation principles
2. Know how to set negotiation goals
3. Understand the approaches you can take in negotiation
4. And also learn how to test and validate your assumptions when making proposals in negotiations
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