Effective vendor negotiations and strategic supplier management are key to driving cost efficiency, ensuring business alignment, and maintaining governance in IT procurement. This track explores the latest strategies for optimizing vendor selection, managing complex negotiations, consolidating suppliers, and maximizing the value of software investments. From navigating high-stakes contract discussions to leveraging economies of scale through consolidation, attendees will gain insights into best practices that enhance procurement outcomes while mitigating risks. Learn how to negotiate better deals, streamline vendor relationships, and tackle complex IT contracts by optimizing software spending, consolidating suppliers, and adapting to new licensing models—ensuring long-term value and cost efficiency.