A Highly Interactive Training Course On

Purchasing Techniques, Negotiating & Cost Reduction

Putting the Best Foot Forward to Achieve Best Cost Optimization Through Negotiation

Purchasing Techniques, Negotiating & Cost Reduction
Course Schedule

CLASSROOM

22-26 Jun 2026
Dubai
$5,950
19-23 Oct 2026
Dubai
$5,950
14-18 Dec 2026
London
$5,950
01-05 Feb 2027
London
$5,950
21-25 Jun 2027
Amsterdam
$5,950
18-22 Oct 2027
Dubai
$5,950
13-17 Dec 2027
London
$5,950

ONLINE

31 Aug-04 Sep 2026
Online
$4,950
24-28 May 2027
Online
$4,950
30 Aug-03 Sep 2027
Online
$4,950
Certificate
  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Training Overview

Training Overview

The Purchasing Techniques, Negotiating & Cost Reduction Training Course by Coventry Academy equips professionals with practical strategies to optimize procurement costs and improve organizational efficiency. Delegates will learn actionable cost-saving techniques while building strong, collaborative relationships with suppliers and internal stakeholders.

This course emphasizes effective negotiation strategies and innovative purchasing approaches, enabling participants to secure better deals, minimize errors, and enhance business competitiveness. By the end of the course, delegates will have the skills to implement cost reduction initiatives that drive measurable results and strengthen overall procurement performance.

Key Focus Areas of This Course:

  • Practical purchasing techniques for achieving measurable cost optimization.
  • Developing negotiation skills for mutually beneficial agreements.
  • Identifying and avoiding common errors in negotiation.
  • Strengthening relationships with suppliers and internal teams.
  • Evaluating supplier efficiency and performance for informed decisions.
  • Implementing cost control measures to maximize organizational savings.

What are the goals?

By completing this Purchasing Techniques Training Course, participants will gain the knowledge and skills to improve procurement processes, negotiate effectively, and generate significant cost savings. The course ensures delegates can apply these techniques immediately to achieve organizational impact.

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

  • Understand the purchasing process and its role in organizational efficiency.
  • Enhance negotiation skills to achieve win-win outcomes with suppliers.
  • Identify common negotiating mistakes and learn strategies to avoid them.
  • Build stronger relationships with customers and suppliers.
  • Measure and evaluate supplier performance for strategic decision-making.
  • Apply cost control strategies to maximize savings.
  • Achieve measurable cost reductions within their teams and departments.

Who is this Training Course for?

This Cost Reduction and Negotiation Skills Training Course is designed for professionals responsible for purchasing, procurement, and operational management. It is ideal for delegates who want to improve negotiation outcomes and implement cost-saving strategies effectively.

This training course is suitable to a wide range of professionals but will greatly benefit: 

  • Operational managers overseeing resource acquisition and cost management.
  • Financial managers involved in budgeting and procurement decisions.
  • Buyers seeking advanced purchasing techniques and negotiation strategies.
  • Managers across departments aiming to understand procurement principles.
  • Professionals responsible for implementing cost reduction initiatives.

How will this Training Course be Presented?

The course combines interactive and practical learning techniques to ensure participants can immediately apply the concepts. Delegates will engage with real-world examples, discussions, and exercises designed to develop negotiation and purchasing skills.

The learning approach includes instructor-led presentations, collaborative discussions, and practical exercises to simulate real procurement scenarios. Participants will reflect on their current practices, engage in peer learning, and leave with actionable strategies to achieve cost savings and enhance overall procurement performance.

The Course Content

Day One: Continuous Improvement in Cost and Productivity
  • How do other functions view purchasing
  • A Purchasing Savings Model
  • Total Cost of Ownership Models
  • Cost Reduction Initiatives
  • Establishing a Strategic Focus with Pareto Analysis on Cost
  • Modern Methods of Analyzing the Spend
Day Two: Defining Cost Reduction Opportunities
  • Developing Company Purchase Price Index and Comparing to External Indexes
  • Understanding of Supply Marketplace and how Suppliers Price
  • Benchmarking best practices in Cost Reduction
  • Resisting Price Increases
  • Supplier Performance Measurement
  • Cost Saving Methods
Day Three: Methods of Price Evaluation
  • Price Justification
  • Methods of Price Analysis
  • The Competition that leads to price reduction and evaluation
  • Methods of Cost Analysis
  • Breaking down the Elements of Cost
  • Developing "Should Cost"
Day Four: Successful Negotiations
  • Negotiation Skill Sets
  • Steps in Negotiation Preparation
  • Methods of Persuasion
  • What Does Win/Win Really Mean?
  • Determining the Issues
  • Rating & Valuing Issues
Day Five: Determining Strengths and Weaknesses
  • Know Your  Better Alternatives to Negotiated Agreements (BATNA)
  • Analyzing The Other Side
  • Negotiation Objectives Diagram
  • Prepare the Negotiation Team
  • Tips for the Actual Negotiation
  • Participants will negotiate model cases & discuss the results to provide an opportunity for hands on experience 

Providers and Associations

Anderson
Anderson
Aztech Training
Aztech Training
COPEX
COPEX