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Procurement Terms

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Negotiation
Negotiation is a communication process in which two or more parties engage in discussions to reach an agreement or resolve a conflict. It involves the exchange of proposals and counterproposals, with each party seeking to protect their interests while finding common ground. Negotiation is a key skill in many business contexts, including procurement, sales, and contract management. Effective negotiators are able to understand the needs and perspectives of all parties involved and find creative solutions that satisfy everyone's interests.
Specialism:
Negotiation Sourcing Supplier Management