How can I negotiate better rates with my suppliers?
An example of an AI chatbot conversation about negotiating rates with suppliers.
How can I negotiate better rates with my suppliers?
Start by researching market rates and understanding your suppliers' pricing structures. What specific rates are you looking to negotiate?
I'm trying to lower the cost of raw materials by 10%.
That's a good target. Consider discussing bulk orders or long-term contracts to incentivize them. Have you built a good relationship with your suppliers?
Yes, I've been working with them for a few years.
Great! Leverage that relationship. You can express your loyalty and ask for a discount based on your history. Would you like tips on how to approach the conversation?
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