You're launching a new food product. How can you negotiate with multiple suppliers to cut costs effectively?
Ready to slice your expenses like a pro chef? Share your strategies for negotiating deals with suppliers.
You're launching a new food product. How can you negotiate with multiple suppliers to cut costs effectively?
Ready to slice your expenses like a pro chef? Share your strategies for negotiating deals with suppliers.
-
Well, there is initially a lower requirement of raw material when launching a new product but as soon as the demand of the product grows and therefore, the raw material, the price can be negotiated easily by directly signing the contract of purchase however, a company should have at least two or more vendors to weaken the monopoly.
-
Alison Marcolongo
Diretor Comercial - Gestão de Pessoas - Gestão Operacional - Trade Marketing
(edited)Ainda em etapa de lançamento de produto, já ocorre o cortar custos? Por que essa necessidade tão imediata? Uma cadeia enorme de planejamento envolve o lançamento de um novo produto; Tudo foi realmente bem pensado e trabalhado? No mínimo, o produto foi para o mercado com posicionamento e precificação adequados? Falar em cortar custos, ainda em etapa de lançamento, soa como alguém "soltar o rojão e depois correr atrás da vareta".
-
1️⃣ Consolidate Orders: Combine orders with select suppliers for bulk discounts. 2️⃣ Get Multiple Quotes: Create competition by comparing quotes to drive prices down. 3️⃣ Negotiate Terms: Request extended payment terms (like 60-90 days) to improve cash flow. 4️⃣ Offer Partnership: Commit to a long-term relationship for better rates. 5️⃣ Optimize Hidden Costs: Reduce expenses in packaging, shipping, and handling.
-
To cut costs when launching a new food product, start by shortlisting multiple suppliers based on reputation, quality, and pricing. Request quotes from each supplier to get an initial idea of the price range. Show these quotes to negotiate, which can prompt them to offer more competitive pricing. Consider ordering in bulk or committing to a longer-term contract if it brings the price down. Additionally, discuss flexible payment terms—like longer payment cycles or discounts for early payments—which can help with cash flow. Look for additional services like free delivery, packaging, or warehousing, which can help cut costs. Adjust certain non-essential features, like packaging materials, to lower expenses without affecting product quality.
-
Multiple vendors that you can negotiate and compare the pricing and propose as per your terms. This will help you to dominate in negotiations when you have more options.
-
A 7-step procurement process is always recommended, provided the resources are available. When conducting your RFx, try to get at least 3 bids, and make sure to learn about each supplier’s added values, such as free delivery, innovation partnerships, floor stock opportunities, growth rebates, etc. Likely, what will impact a new relationship and contract negotiations most is CPRF (collaborative planning replenishment and forecasting). The more information regarding your forecast and replenishment periods you can share, the deeper a vendor can go in finding cost savings opportunities. No one wants to be on the hook for obsolete stock, at the end of the day…be willing to share the risk.
-
Let me keep this discussion short: To cut costs on a new food product: 1. Benchmark supplier quotes. 2. Leverage bulk discounts. 3. Negotiate long-term contracts. 4. Optimize payment terms. 5. Build loyal supplier relationships. This approach ensures savings and stable partnerships.
-
#Procurement To negotiate with multiple suppliers and cut costs for your new food product, research market prices, define requirements, nd prepare a Request for Proposal or Quotation. Use negotiation tactics like competitive bidding, volume discounts, nd long-term contracts to reduce costs. Build relationships, be transparent, and flexible, nd document agreements to achieve the best results.
-
Para negociar con proveedores y reducir costos en el lanzamiento de un producto alimenticio, es esencial analizar el mercado y comparar precios y calidad. Negociar descuentos por volumen, plazos de pago favorables y realizar un concurso entre proveedores pueden generar mejores ofertas. Además, buscar valor agregado, como servicios adicionales, y construir relaciones a largo plazo permite obtener mejores condiciones a medida que aumentan las compras. Evaluar constantemente las condiciones y adaptarse a las dinámicas del mercado es clave para mantener una estrategia de costos efectiva.
-
Negociar com fornecedores de forma eficaz é uma arte que vai além de buscar preços baixos; trata-se de construir parcerias estratégicas. Estude o mercado, compare propostas e busque entender as necessidades e limites de cada fornecedor. Aposte em contratos de longo prazo para garantir estabilidade e melhores condições. Considere compras em volume e negociações colaborativas, onde ambos os lados crescem. Além disso, avalie alternativas como fornecedores locais que reduzem custos logísticos. Transparência, respeito e foco em soluções win-win são essenciais para transformar negociações em alianças de sucesso.
Rate this article
More relevant reading
-
Food & Beverage OperationsWhat do you do if your response to failure in the food service industry is causing more harm than good?
-
Food & Beverage OperationsWhat do you do if your Food & Beverage Operations experience results in a valuable lesson from failure?
-
Food & Beverage OperationsHere's how you can navigate failure in food and beverage operations without making common mistakes.
-
Food & Beverage OperationsYou're handling a complaint about small food portions. How can you satisfy your customer's appetite?