#vendor-management

Negotiate vendor contracts effectively. Strategy: 1. Research market rates. 2. Get multiple quotes. 3. Understand your leverage. 4. Long-term vs short-term commitments. 5. Volume discounts. 6. Payment terms negotiation. 7. SLAs and penalties. 8. Exit clauses. Don't accept first offer. Bundle purchases. Annual vs monthly pricing. Review contracts annually. Relationship matters but optimize costs.