Dealing with a vendor who misses deadlines. Are you ready to salvage the contract?
Navigating vendor relationships can be challenging, especially when deadlines are missed. It's a situation that tests your vendor negotiation skills and your readiness to salvage a contract. When a vendor fails to deliver on time, it's crucial to assess the situation carefully. You need to determine the impact on your business and weigh it against the benefits of maintaining the relationship. Before severing ties, consider if there's room for negotiation. Can the deadline be extended, or can you agree on a new delivery schedule? It's about finding a balance between holding the vendor accountable and keeping a potentially valuable relationship intact.