Rethinking Procurement Negotiation Strategies
This ProSource edition discusses best procurement negotiation strategies to maximise chances of a positive outcome in short term and long term.
Hi there!
Trust you're doing well.
It's been 3 years since Procol was officially founded. From a team of 2 to 100 people and managing a little over $500M of spend - we surely have come a long way. I'm full of gratitude to our team, customers, investors - and everyone who ever believed in us.
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Procurement Insights
🚀Ultimate guide for procurement negotiation cycles
Every company experiences pitfalls when it comes to negotiating with 100+ suppliers at the same time. This guide highlights common mistakes and tactics to secure profitable deals for your business.
⚖️Creating a win-win situation in supplier negotiations
Winning negotiation bids mustn’t come at the expense of another’s loss. Emerging procurement theories focus on creating win-win situations for buyers to build long-lasting, engaging, creative, collaborative, and innovative partnerships.
💡Simplifying sourcing complexities with procurement software
Utilising an e-procurement software is a great way to optimise procurement processes and unlock the full potential of supplier negotiations with AI-based strategies.
📊How to deal with commodity price inflation
When a supplier brings a price increase to a merchant, especially in this economic environment, the buyer may not have the right tools, capacity, or time to determine whether a price increase is warranted. Here’s a quick read for companies to understand and manage short-term price increases.
⚡️5 steps for successful negotiations through procurement softwares
Whether you are upgrading a legacy system or considering a new one altogether, having a bullet-proof sourcing strategy is imperative to ensure a successful negotiation.
Events
🗓IFPSM World Summit 2022
by IFPSM | October 19-21, 2022
🚚Global Logistics Show
by Infinity Expo Pvt Ltd | November 9-11, 2022
⚙️Gartner IT Symposium | Xpo
by Gartner | November 14-16, 2022
💡Annual India Supply Chain 2022 Conference
by ASCP | November 18-19, 2022
🧑🏻💼Smart Cold Chain Expo
by Future Market Events | December 1-3, 2022
Job Opportunities
Analyst- Global Procurement - Walmart Global Tech India
Location - Gurugram, India
Link to the Job
Consultant, Strategic Sourcing - ANSR
Location - Gurugram, India
Link to the Job
Associate Supply Chain Analyst- Inventory Management - Boeing
Location - Bengaluru, India
Link to the Job
Procurement_Category Corp Services and IT - Michael Page
Location - Mumbai, India
Link to the Job
Strategic Sourcing Analyst II - TE Connectivity
Location - Bengaluru, India
Link to the Job
Finance Associate - Procurement - InMobi
Location - Bengaluru, India
Link to the Job
Brief introduction
Hi, I am Gaurav Baheti, the CEO of Procol. We help companies transform their procurement process to deliver higher cost savings, reduce turnaround times, and improve visibility. We currently work with 70+ enterprises and manage $500M+ spend.
This is our weekly newsletter where we share crisp insights, hottest jobs, and exciting events in procurement globally.
Ping me at gaurav@procol.in to chat or connect on LinkedIn.