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Category: Negotiation Tactics

Contract Implementation: How Procurement Consultants Drive Results

Contract Implementation: How Procurement Consultants Drive Results

Welcome back to Part 2 of our series! If you missed Part 1, be sure to check it out for some great insights into the procurement process and negotiation strategies. In this segment, we’ll dive into the implementation phase, highlighting how procurement consultants make sure that the terms we negotiate…
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Negotiation: How Procurement Consultants Drive Results  

The Role of Procurement Consultants in Negotiation

Today, we’re diving into the procurement process and shining a light on the critical role procurement consultants play during negotiations. By the end of this, you’ll see how effective negotiation strategies can set the stage for procurement success. Before we get into the nitty-gritty of negotiations, let’s take a step…
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How Not to Negotiate:Your Complete 7- Step Guide   

effective negotiation strategies

Imagine this: You’re in a high-stakes negotiation meeting, the future of a multi-million dollar contract hangs in the balance. The room is tense, every word is scrutinized, and one wrong move could cost your company dearly. Have you ever wondered why some negotiations lead to fruitful, long-term partnerships while others…
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27 Mistakes Salespeople Make During Negotiations (and How to Avoid Them)

27 Mistakes Salespeople Make During Negotiations

In the sales realm, the art of negotiation is a crucial skill, as salespeople frequently engage with prospects and clients. The problem is, in today’s marketplace, buyers – whether individuals or corporate entities – are more aggressive when it comes to negotiating terms of purchase. Many sales professionals fall short…
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Negotiation Approaches in Procurement – 5 Key Tips

Procurement Negotiation Strategies

It’s one of the oldest art forms in the world, but that doesn’t mean negotiation doesn’t need an update every now and again. A pandemic, supply chain issues and high inflation have combined to transform the negotiation landscape in 2022. Tactics we once relied upon may be more damaging than…
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The right way to do virtual negotiations

Part science, part art, face-to-face negotiation is hard enough to master without the COVID curve ball. Unfortunately, time and tide wait for no one, so being stuck in the office or at home doesn’t mean business takes a break. Negotiations must continue, deals must be brokered, and all of it…
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Want Responsible and Resilient Supply Chains? Wise Negotiation is the Key

Let’s be blunt. Negotiating with large enterprises is not the same as negotiating with small businesses. More specifically, we cannot apply the same risk management standards to a small company that we can to a larger one. It’s a pickle, because we want small businesses to be a part of our supply…
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7 Keys to a Successful Reverse Auction

Reverse auctions

Reverse Auctions are a great way to generate significant cost savings. According to CNBC, companies are typically saving 10 to 20% by using reverse auctions, but I’ve also seen others quote savings over 30%. However, it’s got to be done right. So, how do you run a successful reverse auction?…
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The 6 Key Skills You’ll Need to Support Business Recovery Post-Pandemic

Procurement Skills Assessment

Life used to be simple. There were blue collar workers and white collar workers. You either wore denim to the factory or starched and pressed whites to the office. Now, though, the coronavirus lockdown has introduced a “new” collar. The pyjama shirt collar. When we begin to leave lockdown, some…
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Supplier Relationships: Don’t Get Swept Off Your Feet

A not so successful supplier relationship

Choosing a supplier is like choosing a life partner. The wise decision means you’ll have a loving, supporting companion who’ll stick with you through sickness and health until death parts you. The wrong choice leads to a bitter divorce or, worse, a loveless marriage that you stick with because the…
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