A small catering business can use several strategies to renegotiate supplier contracts. First, they can leverage their loyalty and long-term relationship with the supplier to negotiate better terms. Second, they can explore alternative suppliers and use competitive quotes as a bargaining chip. Third, they can negotiate for volume discounts if they are planning to increase their order quantity. Fourth, they can discuss flexible payment terms that could ease their cash flow. Lastly, they can consider joining a buying group to take advantage of collective bargaining.
Supervise financial transactions, adhere to predetermined budgets, and forecast upcoming expenses to...
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