Conducting negotiation.

Negotiation n 1

Supplier details	P&R Chicken
represented by:	Styven as a supplier sale representative
Location	Sydney 2000
Date	26.08.2022
Nature of negotiation	Minimum Order, Delivery Days
Details	The company had a high minimum order quantity that was tough to meet every time. The high minimum order required a huge storage room, and re-purchasing would be difficult if an item was finished or overlooked during ordering. The prior minimum ordering amount of $500 should be reduced by $50 to be more comfortable. Deliveries are only made during the week, we would like to see if is possible to deliver on Saturday as well.

Supplier 1P&R Chicken	Outcome	approved	not approved
Details negotiated
Asked, if possible, to deliver as well on Saturday	At the moment they don`t have too much amount of orders coming up on Saturday. Styven assure that in the future this will change and integrate Saturday as a delivery day option		No
Asking, if possible to reduce the minimum order by $50, to ease our order due to lack of space in the shop	Styven agreed on reducing the minimum order to $450 for us	YES

Negotiation n2

Supplier details	Inalca food and beverage
represented by:	Alessandro as a supplier manager
Location	Sydney 2000
Date	27.08.2022
Nature of negotiation	Payment Methods, Order cut-off time
Details	Payment was always due upon delivery. This must be debated and altered because the supplied things are sometimes damaged and must be returned. This would then result in a great deal of paperwork. Payment options is preferred to pay in advanced in this way we don`t need to spend more time to pay on the spot, and counting all the items delivered to paid. Orders must also be placed two days in advance. This should be modified to one day before the delivery to allow for greater flexibility in adding more items if need it.

Supplier 2Inalca food and beverage	Outcome
Details negotiated
Change cut time on ordering to give us a day extra for adding any other items	The delivery order will be open until 11pm before the day of delivery.
Payment method is too long and consume too much time, we ask to automate the payment once finalized.	The payment will change, once ordered the payment will be automatic in this way we need to check just what we received is correct in what we paid.

Here is what they ask me:

1. Contact each supplier by email and confirm the agreements made. Advise each party that you will finalise the formal agreements for signing of all parties.
2. Draw up the contract agreements based on your final negotiated outcomes. Each contract must contain the following details:

• Names of contracting parties including trading names and ABN/ACN, as well as their contact details
• supply conditions, including volume, price, discounts, ordering periods, take or pay and delivery times
• payment terms
• specifications of goods or services supplied (scope of goods)
• warranty periods for defective goods or services
• limited liability (risk of loss or damage)
• intellectual property
• confidentiality
• insurance
• dispute resolution
• termination and exclusion clauses
• signature provisions

3. Present your final contracts to your supervisor and trainer for final approval (Via Email)