![]() Negotiating your prices can help you in the long run, majorly reducing costs when the tall list of orders starts to come in. Remember that any quotations received from vendors are not set in stone, and you can negotiate them to create a more suitable agreement for your business. And that’s where vendor contracts come in. In times like these, it then becomes a matter of utmost importance to smartly negotiate with powerful vendors. ![]() However, in recent years, as collective consumer demand increased multifold, the tables have now turned to favor vendors. For a long time, the power dynamics between vendors and buyers always tilted in favor of the buyer.
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