1️⃣ Get Multiple Quotes: Even if a quote looks good, I always get at least three! This gives us leverage to ensure we’re getting the best deal. 2️⃣ Negotiate Beyond Price: I like to look beyond just the cost—I’ve asked for faster shipping, bulk discounts, negotiated return rights, and more favorable payment terms, all of which impact cash flow. 3️⃣ Consider Reverse Auctions: When I have a lot of leverage, I use reverse auctions, where vendors bid for our business. This can drive prices down and help us get the best offer. 4️⃣ Negotiate at Quarter-End: I plan ahead and time negotiations around the vendor’s quarter or fiscal year-end, when their sales teams are eager to hit their targets. This has led to better deals and incentives. 5️⃣ Build Relationships: This is especially important for growing companies! I focus on building strong vendor relationships, which open the door to better terms, discounts, and increased flexibility as the business grows. What tactics have worked for you?