Book Review: Contracting in the New Economy

“Simply put, business happens. Things change, including the underlying deal covered by the contract.”  - Contracting in the New Economy, p. 46   I’ve read most of the Vested books, so I came...
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Best Procurement and Supply Chain Webinars 7/11 - 15

And… we’re back! After a week (mostly) without events due to the holiday weekend, we once again have a slate of webinars to recommend. Click on the title of each event below to view the full description in our events calendar and to connect to their registration pages.

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Book Review: Strategic Sourcing in the New Economy

Organizations themselves present a major problem; they are stuck in an outdated approach to value creation that has emerged over the past few decades. They continue to view value creation narrowly, op...
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Webinar Recommendations for May 11 – 15, 2015: Vested Outsourcing, S&OP, More CPO Rising

The BMP events calendar is stocked for the rest of the month of May, and this week I recommend the following webinars… click on the title of each to connect to that event on our calendar and link to the registration page.

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What negotiation skills does procurement need TODAY?

Listen daaahlings, let me tell you a little something about negotiating. Talking about money is so… GAUCHE. No no no, that won’t do at all. Today, enlightened procurement professionals collaborate. We innovate. We partner. We strategize. I do for you… you do for me… we have a relationship. No ugliness, no shoving. After all, there is no need to stoop to talking about dollars and cents. We have people for that. Right? Yes, well, have your people call my people: we’ll do lunch.

Oh please!

We can’t say that procurement no longer needs strong negotiating skills just because many spend categories are now being managed in a more relational way. Making that assertion demonstrates a fundamental lack of understanding about what it means to negotiate. Negotiation is a phase, not an action. There are a myriad of skills required to be an effective negotiator, and they are different for each set of circumstances.

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Recent Comments
Guest — Phil in Boston
I would imagine underneath each commercial agreement is "math". Both buyer and seller seeking commercial opportunity of some sort ... Read More
Tuesday, 31 March 2015 14:26
Guest — Laurie
It is important to know how to negotiate properly. You provided a great list of skills that are needed. Thanks for sharing!
Tuesday, 16 February 2016 21:02
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Book Review: Warehouse Management

Warehouse Management: A Complete Guide to Improving Efficiency and Minimizing Costs in the Modern Warehouse, 2nd Edition (Kogan Page, 2014), by warehouse management and logistics specialist Gwynn...
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Book Review: Getting to We

For anyone who has read the other books in the Vested Outsourcing series, Getting to We (published in August 2013) is the logical next step in the pursuit of more collaborative, value-based relationsh...
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Book Review: Vested: How P&G, McDonald's, and Microsoft are Redefining Winning in Business Relationships

Earlier this year, we reviewed ‘Vested Outsourcing’, the first book in what has become a series of publications by Kate Vitasek and her colleagues on the evolving potential of mutually beneficial rela...
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Book Review: Vested Outsourcing

At Buyers Meeting Point, we often have opportunities to recommend the publications we have read, reviewed and endorsed to our supply management colleagues. Vested Outsourcing by Kate Vitasek...
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