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Negotiating supplier prices

Agreeing better prices or terms with a supplier using market data, volume and alternatives.

Good work shows: Prepares a target and walk-away price; uses market data and order volume to argue; records agreed terms in writing.

Negotiating supplier prices is one of the procurement and purchasing skills on FinderK.

The job simulations and Skill Paths below include work that is checked for this skill. You do the work in an original fictional company and get feedback on it.

Job simulations

The cleaning contract renewal

Facilities and procurement coordinator at Marlow Street Studios

About 85 minutes. Included in Plus.

The office cleaning contract ends in six weeks. Reconcile a year of invoices against the contract and the sign-in log, recommend to your manager whether to renew, negotiate or retender and what needs approval from whom, and put the practice's position to the supplier.

Skills: Reconcile invoiced work against contract terms and site records; Evaluate commercial options under budget and authority constraints; Respect approval limits and escalate the right decision; Communicate a negotiating position to a supplier honestly

Skill Paths

Related careers

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