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Negotiation Strategies for Better Purchasing Value Course

By: McTimothy Associates Consulting LLC  

Lagos State, Nigeria

04 - 06 Jul, 2024  3 days

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NGN 195,000

Get 10.00% off

Venue: The Professional Place 12B, Olumoroti Street, Gbagada Phase 2 Estate, Gbagada Lagos.

Other Dates

Venue Date Fee  
The Professional Place 12B, Olumoroti Street, Gbagada Phase 2 Estate, Gbagada Lagos., Lagos State, Nigeria 15 - 17 Aug, 2024 NGN195000
The Professional Place 12B, Olumoroti Street, Gbagada Phase 2 Estate, Gbagada Lagos., Lagos State, Nigeria 03 - 05 Oct, 2024 NGN195000
The Professional Place 12B, Olumoroti Street, Gbagada Phase 2 Estate, Gbagada Lagos., Lagos State, Nigeria 21 - 23 Nov, 2024 NGN195000

One of the most important and required skills for a purchasing professional is negotiation. In this course, we will explore the various modern negotiation methods from a purchasing perspective. We will cover in detail the various negotiation strategies required to meet the purchasing needs of the organization. The strong and weak points of the buyer along with the strong and weak points of the supplier will be explored. We will also discover the appropriate negotiation styles for various situations, including complex situations that will require careful attention.

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

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

Course Outline

Preparation Strategies

  • Developing buyer needs and requirements
  • Understanding the buyer position
  • Understanding the supplier position
  • The number of suppliers in the market
  • Economic analysis of the market
  • Forming a pre-negotiation checklist
  • Forming the negotiation strategy
  • Forming the purchasing negotiation team
  • Proper planning and preparation

Implementing the Negotiation Strategy

  • Making the purchasing plan operational
  • The best time to negotiate
  • Time is power in purchasing and negotiation
  • Information is power in purchasing and negotiation
  • The other types of power in negotiation
  • The best place to negotiate
  • Understanding supplier expectations
  • The 80/20 rule of negotiation

Developing a Negotiating Style

  • Attributes of a good negotiator
  • Developing those attributes by the buyer
  • Expressing your purchasing needs effectively
  • Knowing your products and commodities
  • Knowing the supplier products and services
  • Active listening techniques
  • Types of questioning styles
  • Preparing the right list of questions

Dealing with Complex Negotiations

  • Sole source suppliers
  • Single source suppliers
  • Win/Win meets Win/Lose
  • Win/Win meets Lose/Lose
  • Backdoor buying tactics
  • Controlling emotions during a negotiation
  • Friends and relatives as suppliers
  • Ethical behavior and negotiation

Preparing and Conducting Individual and Team Negotiations

  • Practical role plays
  • Playing the role of the buyer
  • Playing the role of the supplier
  • Playing the role of the evaluator
  • Supplier strong points
  • Buyer strong points
  • Being aware of supplier hidden tactics and tricks
The Professional Place 12B, Olumoroti Street, Gbagada Phase 2 Estate, Gbagada Lagos. Jul 04 - 06 Jul, 2024
The Professional Place 12B, Olumoroti Street, Gbagada Phase 2 Estate, Gbagada Lagos., Lagos State, Nigeria 15 - 17 Aug, 2024
The Professional Place 12B, Olumoroti Street, Gbagada Phase 2 Estate, Gbagada Lagos., Lagos State, Nigeria 03 - 05 Oct, 2024
The Professional Place 12B, Olumoroti Street, Gbagada Phase 2 Estate, Gbagada Lagos., Lagos State, Nigeria 21 - 23 Nov, 2024

Registration: 10:00:am - 04:00:am

NGN 195,000.00(5% Group Discount for 3-5 participants, or 10% Group Discount for 6 and above participants)
NGN 194,998.00(5% Group Discount for 3-5 participants, or 10% Group Discount for 6 and above participants)
NGN 195,000.00(5% Group Discount for 3-5 participants, or 10% Group Discount for 6 and above participants)
NGN 194,994.00(5% Group Discount for 3-5 participants, or 10% Group Discount for 6 and above participants)
(Convert Currency)

Patience 07034854045; 09080022449; 08058805333

5% Group Discount for 3-5 participants, or 10% Group Discount for 6 and above participants

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