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% increase68%

26-50% increase28%

51-75% increase4%

76-100% increase

More than a 100% increase

25 PARTICIPANTS

155 views1 Comment

Sort by:

Sr. Sourcing Manager in IT Services2 years 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.

Content you might like

Is anyone currently using or installing IFS for a discrete manufacturing business? We are a discrete manufacturing company and are looking at establishing business system standards for our various divisions. Did you find that IFS provides for your long term needs (10+ years)? Were you able to find SI’s that can implement the system?

What do you do with unsolicited vendor gifts?

Keep it21%

I never accept them33%

Donate it13%

Depends on the dollar amount27%

Other (leave a comment)3%

View Results

How are you adjusting your redundancy strategy in response to tariffs and global supply chain disruptions? Where are you investing more (or less) as compared to previous years?

If you've lost (or suspect you will lose) a significant amount of your annual budget due to government funding cuts, what measures are you implementing from a sourcing and supplier management perspective to optimize costs without cancelling contracts?

What's the most important friction in deploying Robotic Process Automation (RPA) in your company?

Cost of RPA products24%

Lack of developers who can code RPA applications43%

Amount of customization needed to automate business processes26%

Lack of RPA code maintenance resources4%