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Mastering the art of Supplier Negotiation: Tips and Techniques

SCMDOJO

Supplier negotiation is the most critical skill in the world of procurement. Effective supplier negotiations do not limit to the best price but a mutually beneficial agreement from both the parties that can have a profound impact on the company. The 8 Stages of Supplier Negotiation 1.

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Stakeholder management in procurement digital transformation: Why, what, how?

Spend Matters

Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.

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When Supplier Negotiations Come to a Standstill

Una

Pain Points in Procurement Series When Supplier Negotiations Come to a Standstill What to do when supplier negotiations appear to be at an impasse, why negotiations break down, and how to up your chances for success. Why do supplier negotiations break down?

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Procurement Managers — The Ultimate Guide

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Procurement Managers — The Ultimate Guide Procurement managers are not easy, but the role is rewarding, interesting, and crucial to the success of a business. What is a Procurement Manager?

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What About Procurement Objectives?

Procurement Templates

Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.

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Key Procurement Technology for Excellence in 2025

Jaggaer

These procurement technologies empower teams to move beyond traditional methods, using data-driven insights for smarter sourcing, demand forecasting, and risk management. How JAGGAER Helps: CPOs who leverage JAGGAERs robust AI-powered tools identify emerging risks, forecast price volatility, and evaluate supplier performance with precision.

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Agentic AI in Supply Chains: The Future of Decision Making

SCMDOJO

This leap in AI capabilities is revolutionizing industries, and AI-driven supply chain management is no exception. The Role of Agentic AI in Supply Chains Supply chains are dynamic and complex, requiring continuous decision-making across multiple functions, from procurement and inventory management to logistics and demand forecasting.