What is the largest % year-over-year contract renewal increase a vendor has ever presented you with?

Vendor Management

10% increase or less

11-25% increase65%

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26-50% increase30%

51-75% increase4%

76-100% increase

More than a 100% increase

23 PARTICIPANTS

150 views1 Comment

Sr. Sourcing Manager in IT Services8 months ago

But however, we were able to achieve net cost reduction by negotiating aggressively. And it's not uncommon for the suppliers to accept the cut in order to keep the business relation. We were able to achieve near 50% price reduction from pre-negotiated prices.

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