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From supplier commitment to a robust commercial agreement

Starting point A strategically important supplier relationship required material commercial improvement. The supplier had indicated a general willingness to make concessions, but the gap between a verbal commitment and a bankable agreement remained substantial. Open...

Cost truth: how to test supplier price claims

Supplier demands are often presented as a finished number: plus eight per cent, retrospective from January, justified by energy, labour and material. For procurement, the analysis starts at that point. A demand is not cost truth. It is a hypothesis about the economic...