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Negoor Better Purchasing Value Coursetiation Strategies f

By: Newways Consulting

Lagos State, Nigeria

25 - 28 Jun, 2024  4 days

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NGN 215,000

Get 5.00% off

Venue: Lagos

Other Dates

Venue Date Fee  
Lagos, Lagos State, Nigeria 10 - 13 Sep, 2024 NGN215000
Lagos, Lagos State, Nigeria 10 - 13 Dec, 2024 NGN215000

Negotiation skills are a core skill which procurement professionals should be well equipped with. Here are some of the areas where negotiation skills in procurement and supply can be of importance

Negotiation can be required as a result of procurement role in challenging user identified requirement. This is important because through negotiations procurement professionals can ensure that the requirements are commercially sound and add value.

Negotiation is necessary in situations where the terms of sale include many and varied clauses or if the buyer suspects that the quoted price is unreasonably high

Negotiation may also be used in open or less prescriptive specification to agree on better benefits, total package and value for money

Negotiations can also be applicable as a means of conflict resolution between the buyer and the supplier

Post tendering negotiation may also be used if there is a possibility of improvement in supplier offer

It’s therefore important for procurement professionals to be on top of their negotiation’s skill.

Why Attend

  • As a buyer, you need to interact with suppliers for various deals. The success or failure of the deal depends on how effectively you can negotiate with your suppliers. To gain maximum advantage from the suppliers, you need to keep in mind certain principles of negotiation.
  • Negotiation is a process in which you and your supplier with conflicting requirements reach an agreement of mutual interest. It is thus all about creating a movement between each other.
  • The objective of the negotiation strategies course is to ensure the supply of five rights: right product or service at the right price, right time, right location and right quantity. You will have to balance these rights i.e. a faster product delivery may result in a higher price.

Course Methodology

This course uses a variety of interactive training methods such as role playing, videos, team exercises, individual exercises, case studies, group discussions and questionnaires.

Course Objectives

By the end of the course, participants will be able to:

  • Develop effective negotiation strategies to meet the purchasing needs of the organization
  • Implement those strategies to maximize purchasing value
  • Discover the appropriate negotiation style for each situation
  • Explain how to handle and deal with complex negotiation situations
  • Identify supplier strong points and buyer strong points

Target Audience

Procurement Officers, Buyers, senior buyers, purchasing supervisors, and all other company personnel who are involved in the negotiation process

Target Competencies

  • Strategic negotiation
  • Planning skills
  • Executing skills
  • Dealing with difficult suppliers
  • Communicating with suppliers
  • Implementation skills
Lagos Jun 25 - 28 Jun, 2024
Lagos, Lagos State, Nigeria 10 - 13 Sep, 2024
Lagos, Lagos State, Nigeria 10 - 13 Dec, 2024
NGN 215,000.00(The program fees covers tuition, Course Materials, Tea/Coffee Break, Lunch, Bag, Certificate of participation and administration)
USD 550.00(The program fees covers tuition, Course Materials, Tea/Coffee and Break, Lunch, Bag, Certificate of participation and administration)
(Convert Currency)

Dr Chris Egbu +2348023194131

Organizations sponsoring two staff will get 10% discount, Three - Five will get 15% discount, Six - Ten will get 20% discount and Payment before two weeks to event date attracts 5% discount. You can also consider the option of having this training in-house or online at 40% discount and 5 free e-books
Newways

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