In episode 155 of the Negotiations Ninja podcast, Martin Rand—the founder and CEO of Pactum AI—joined me to talk about the future of negotiation. More specifically, we touched on how he’s implementing AI to manage long-tail negotiations for large enterprises. But will AI expand? The evolution of AI in negotiation Will AI continue to evolve into something more complex? Will multi-variant negotiations with multiple stakeholders be possible? Martin points out that there are some non-intuitive…
Practical Ways to Decrease the Tension between Procurement and Sales
Procurement and sales teams tend to have a negative view of each other. Salespeople view procurement as the people who take their deals, shave 20% off the top, and subsequently cause them to lose deals. John Barrows, my guest on a recent episode of Negotiations Ninja, and I discuss ways to decrease the tension between these two teams. Engage with procurement as early as possible Instead of waiting until the end of the…
Morgan J Ingram’s 11-Touch Prospecting Campaign
Sales prospecting is a complex and often complicated role to play. You have to learn how to connect with people and keep them engaged while convincing them of the usefulness of your product or service. Morgan J Ingram has narrowed down two strategies to push past rejection and connect with sales prospects: 1. The pattern interrupt. Instead of starting a phone call sharing your name, the business you’re with, and the cursory “How are…
Negotiating with the Dark Side – Procurement’s Problem
By Dana Small, Ms. Category Management When you are in procurement, you’re not just an enemy—you are the enemy to almost everyone involved (or least that’s how it feels). That’s why I like to call it negotiating with the dark side. Because more times than not, you’re viewed as counterproductive and a middleman to with whom most just want to check the box. Yes, we talked to procurement, now let’s get the project started! Why?…
Small and Medium Business Negotiation
In the procurement profession, in the capitalist community where we conduct business every day, the general idea is to be continuously profitable. This mindset often leads to cut-throat deals, harsh contracts, and, potentially, taking advantage of others in business or our customers, which is the public’s view of corporate America. Is this, however, the belief of many working in procurement negotiation? On a recent episode of Negotiations Ninja podcast, I spoke with James Orsini. James has been…