How can you negotiate a contract renewal with a supplier in the most effective way?
Negotiating a contract renewal with a supplier can be a challenging and stressful process, especially for small businesses. You want to get the best deal possible, but you also don't want to risk losing a valuable partner or compromising your quality standards. How can you approach this situation in the most effective way? Here are some tips to help you prepare, communicate, and negotiate with confidence and professionalism.