Negotiation is noncritical means to convey the buyer's specific sourcing requirements and specifications to its supply base.

Question

Quizplus · Accepted Answer

Negotiation is a critical process that involves give-and-take discussions between the buyer and the supplier to reach mutually acceptable terms and conditions, including price, delivery, quality, and other specifications. It is not just a means to convey the buyer's requirements but a process to find a win-win solution that satisfies both parties' needs and interests.

Negotiation Is Noncritical Means to Convey the Buyer's Specific Sourcing