You are missing out on getting jaw-dropping deals from your vendors and great margins if you don't master negotiation skills for discussions with your suppliers.
While there are no hard and fast rules to fit every negotiation need, there are important principles to help us become more effective during meetings.
When it comes to business, your profit margin banks on the rates you get off your suppliers. The dynamics between you and your providers depends on communication dealings, more specifically, how you present yourself and discuss during the first negotiation phase. Your negotiation skills also contributes to your supplier relationship management (click on the link to read more on how to manage the relationship successfully).