Cost Negotiations enable enterprises to take back control of both direct and indirect spend.
In a rapidly changing market, enterprises focus on negotiating with strategic suppliers, neglecting long and mid-tail suppliers bound by outdated agreements from the height of Covid and Supply Chain disruption. With the AI chatbot of Pactum Cost Negotiations you can achieve better agreements autonomously, ensuring no money is left on the table.
Take Control of Your Spend with Pactum's Intelligent Cost Negotiations Solution
Navigating the turbulent landscape of volatile supplier production costs is a challenge for corporations. With changing commodity prices and supply chain disruptions, the pressure to optimize costs becomes even more critical.
At Pactum, we understand your struggle and are here to help. Our solutions empower you to do more with less, keeping costs under contract and under control.
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Optimizing Contract Renewal Negotiations
Drive greater value and efficiency in contract renewals for indirect categories (MRO, IT, Services, etc.) by leveraging streamlined negotiations, focusing on price, rates, and commercial terms.
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Seamless Negotiations for New Indirect Contracts
Streamline the negotiation process for new agreements in indirect categories (MRO, IT, Services, etc.), based on requisitions or events, to achieve seamless negotiations and secure favorable price, rates, and commercial terms.
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Enhancing Bidding Negotiations
Gain a competitive edge in bidding and post-bid events across indirect categories (MRO, IT, Services, etc.) by leveraging enhanced negotiations, improving bids, and ensuring optimal price, rates, and commercial terms.
Your control panel
- Easily access contracts and initiate negotiations
- Stay up to date on contract expirations
- Identify savings and optimize strategies
- Customize parameters to fit your needs
- Provide responsive support to suppliers
- Monitor outcomes in real-time
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Proactive Item Cost Decrease Negotiations
Take proactive measures to negotiate cost decreases for retail items, leveraging item performance data and declining commodity prices to maximize savings.
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Reactively Avoiding Item Cost Increases
Reactively negotiate with suppliers to avoid cost increases for retail items, utilizing item performance insights and addressing changes in commodity prices to minimize expenses.
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Effective Electronics Price Negotiations
Periodically negotiate consumer electronics prices, considering item performance and predicted future volumes, to optimize costs and stay competitive in the market.
Your control panel
- Easily manage all new negotiation opportunities in one place
- Modify and review negotiation preparation results effortlessly
- Explore different scenarios to optimize outcomes
- Adapt cost thresholds to meet your specific needs
- Fine-tune the chatbot’s language for effective supplier communication
- Monitor negotiation results in real-time for informed decision-making
Regain Control of Your Spend with Ease
Corporations often face challenges in negotiating with mid- and long-tail suppliers due to the time-intensive nature of strategic supplier negotiations. Don’t let this limit your ability to optimize the value of your contracts and costs.
With Pactum, you can simplify the negotiation process with streamlined integrations and automated chat-like negotiations reaching your suppliers effectively in a single touchpoint.
