Dealing with a vendor who raises prices unexpectedly. Are you prepared to negotiate for better terms?
Unexpected price hikes from vendors can catch any retail sales professional off guard. It's a scenario that might leave you feeling cornered, especially if your inventory depends heavily on that supplier. But don't worry; with the right approach, you can navigate this challenge. Negotiating with a vendor is a nuanced skill, requiring a calm demeanor, a clear understanding of your position, and a strategy to reach a mutually beneficial agreement. Your goal should be to maintain a positive relationship while ensuring the terms are acceptable for your retail business's sustainability. Prepare yourself to discuss alternatives, concessions, and compromises without compromising the quality of goods or the bottom line of your store.
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Kirti Kumar SinghLinkedIn Top Voice! I am an automobile professional with 20+ years of expertise in supplier management & vehicle build…
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Jenender AnandPresident & CMO Erisha E Mobility II Green Energy II Ex CEO Revolt Motors II LML II MD II ED Shriram Pistons II…
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Sohaib AbdullahRetail Operations | Planning | Visual Merchandising | Buying | Store Management | Inventory Management | Sales…