Negotiation and Contract Management are Supply Chain functions. Negotiation is a bargaining process to reach in an agreement /contract. Effective communication and negotiation skill sets and strategies are  KSF(Key Success Factor ) to accomplish a business agreement/ contract.  During negotiation you should have plan and preparation to negotiate. You need a team and necessary skills to negotiate with other parties. Contract is a legal binding document. Before contract, know what you want, what you want to avoid & your options if things go wrong .Also in contract management, we need to know what the contractual defaults are and how to … Continue reading Negotiation and Contract Management