Tom Kinnaird and Hal Movius on how to successfully negotiate within competitive pitches where procurement is the process setter.
Imagine the feeling: after months of courting a new client, who has given every indication that a lucrative contract award is imminent, you receive an email from their procurement team. The letter states that there will be a competitive bidding process; that all bidders must agree up-front to standard (onerous) terms and conditions, and that any attempt to speak directly with the client will result in expulsion from the process.
Tom Kinnaird and Hal Movius explore why a traditional procurement approach to negotiation risks destroying value. To contribute greater value, CPOs need to develop and promote a more sophisticated approach to negotiation that considers all parties interests.
To contribute greater value, CPOs need to develop and promote a more sophisticated approach to negotiation that considers all parties interests.