Renegotiation of Contracts: Maximizing Value in Procurement
Introduction Renegotiating contracts is a strategic approach that enables businesses to secure better terms, reduce costs, and enhance supplier relationships. Effective contract renegotiation ensures that agreements remain aligned with evolving business needs, market conditions, and supplier capabilities. Why Renegotiation Matters? 1. Cost Reduction and Savings 2. Improved Contractual Terms 3. Strengthening Supplier Relationships Key Strategies […]