Negotiation skills for successful renegotiation of contracts to save money during the downturn in the market.
Making fundamental changes to PSCM strategies, more than short term cost cutting solutions.
With the drop in oil prices causing problems across the industry it is time to make changes for the long term, beyond short-term cost cutting. It is essential to reassess procurement and supply chain management strategies to ensure companies come out of the depressed market stronger than when they went in. Relationships with vendors need to be optimised and contracts effectively renegotiated.