What's the best advice you have for managing vendor contracts? e.g., sourcing, process, determining and maximizing bargaining power, how you think about relationships in terms of price/terms/service, key contract terms in your opinion, etc. +1 for lots of detail & context
There is no one size fits all approach. Managing a Fortune 500 vendor is totally different from a local small business, which are both totally different from an overseas supplier, which varies a lot by country. Do first principles analysis combined with specifics.
