The topic of money always comes up early in production planning. That’s why supplier contract negotiations are so important to the manufacturing process. As a result, a variety of contract negotiation strategies exist. Anyone who has encountered a contract drafting process will know contract negotiations are long and drawn out. You can be confident your best interests will be protected at all times when we as your consultant for contract negotiations finalize contract terms.
We believe a successful supplier contract negotiation should document three main aspects: your product details, the factory lead time, and the product pricing. Firstly, closely scrutinizing the product details during the contract drafting phase protects your interests. Secondly, checking the production timeline against what the factory estimates gives an accurate understanding of your schedule. Thirdly, getting the product costs in advance lets you create a clear budget.