Prepare for negotiations with new supplier and add or update information to the original new supplier document created inactivity 1 from the feedback from the stakeholder meeting inactivity 3. Ensure that the: Objectives of the negotiation are clear (including your minimum acceptable outcome, your anticipated outcome and your ideal outcome) Key performance indicators (KPI's)are relent to the supplier and the needs of the business Develop a plan for what to do if the negotiation or an outcome fails Determine the business needs, the needs of the supplier and the reasons for the needs List, rank importance and value issues and any potential concessions Create an agenda for the flow of topics to discuss to ensure that the negotiations stay on track Practice the negotiation. Tip: Researching negotiation techniques can assist to feel confident during the negotiation process and ensure that the goals and expectations are realistic and will be a win-win for both parties.You will be required to complete/attach. Updated supplier document