7 Must-Have Tools For Crushing High-Stakes Deals

Chesa
02.24.24 10:00 AM Comment(s)

Crushing High-Stakes Deals

Supply chain professionals know big-time negotiations make or break careers. Despite endless preparation, tense vendor back-and-forths still generate dread for many.

But equipped with the RIGHT bargaining tools, these pivotal conversations become moments primed for you to shine instead of opportunities that slipped away.

Let’s review the 7 must-have tools securing total negotiation domination:

#1. An Arsenal of Strategies Suited to Different Personalities

Dealing an aggressive, combative negotiator differs greatly from bantering with a conflict-averse people pleaser. Excel by packing plays targeting any potential personality across the table.

#2. A Library of Prior Cases to Leverage

Precedence and past vendor history bestow instant credibility. Come armed and ready to cite examples of similar agreements benefiting all sides thanks to updated context.

#3. A Network of Sourcing Insiders Feeding Intel

Information is ammunition. Tap your behind-the-scenes connections providing scoops on impending mergers, leadership changes, and other events shaping negotiations.

#4. A Range of Communication Mediums Keeping Talks Moving

Emails get ignored. Calls go unreturned. Master modern mediums like video conferences ensuring conversations persist through key tension points.

#5. An Understanding of Micro expressions Revealing True Intent

Look beyond words alone. Consume research detailing tiny facial expressions exposing underlying motivations and priorities held by the opposing negotiator.

#6. A Toolkit of Psychological Tactics Eliciting Favorable Outcomes

Look no further than police hostage negotiators to appreciate the power of influence, framing, and triggers guaranteeing you stay steps ahead when talks intensify.

#7. Practice Sessions With a Coach Reviewing Approach

They say amateurs rehearse until they get actions right while masters practice until they can’t get actions wrong. Hone through continual guided reps.

Remember, negotiating resembles a complex game of high speed chess. Enter each new discussion armed with every tool needed to firmly steer talks favorably from start to profitable finish!

Curious what other insider techniques give ambitious supply chain professionals an unbeatable negotiation edge? Check out this exclusive training!

The above “must-have” list aims to intrigue readers while offering actionable, specific advice.

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Chesa