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In 2012, the speaker joined a company as the head of the finance department, tasked with reviewing supplier contracts, including those with banks and insurance companies. The goal was to evaluate the terms for future renewals. The speaker observed that previous contract negotiations were quite lenient, leading to potential cost savings being overlooked. One notable example was a contract with a food catering company required for staff working at remote oil and gas sites. The catering service had been providing food for almost three years, suggesting opportunities to reassess and negotiate more favorable terms.