With inflation rates at their highest level in decades, how are you approaching vendor negotiations to mitigate the impact?
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Director of IT in Software2 years ago
I am trying to negotiate multiyear contracts to lock the price so at least I am not affected but the high inflationCIO/CISO in Healthcare and Biotech2 years ago
We are being thoughtful with any new commitments, as a regular practice we don't commit long term to any service unless the discounted rates make it worthwhile (which is rare). We haven't see much impact from inflation on commodity service rates.Chief Information Technology Officer in IT Services2 years ago
As I can see also try to negotiate multi year contract and one payment which saves me money. It's easy for all the systems that we have on premise, but with the cloud it's hard to know what's coming and how the provider will rise there subscription and Lecompte-Marmo models!CIO in Services (non-Government)2 years ago
I'm negotiating harder than I usually do on prices, and trying to get multi-year discounts.Head of Digital and Information Technology Asia and and Global EA in Healthcare and Biotech2 years ago
It's important to review fine print of the contracts, terms and conditions, cost, length, coverage, options to exit, change or additions.