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

03-07 Feb 2025
London
$5,950
23-27 Jun 2025
Dubai
$5,950
20-24 Oct 2025
Dubai
$5,950
15-19 Dec 2025
London
$5,950

ONLINE

19-23 May 2025
Online
$3,950
01-05 Sep 2025
Online
$3,950
Certificate
  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Training Overview

Training Overview

Purchasing plays a pivotal role in organizational efficiency by securing resources effectively. The Coventry Academy training course focuses on equipping delegates with immediate cost-saving techniques applicable across their business operations. Emphasizing a fast-paced learning environment, the course introduces innovative approaches to building relationships with suppliers and customers, fostering commitment towards achieving world-class capability and competitiveness through mutual objectives. It covers negotiation principles, highlighting effective techniques and their benefits and drawbacks. Upon completion, delegates will be prepared to implement these strategies within their organizations, driving substantial cost savings in their respective areas and enhancing overall procurement effectiveness.

What are the goals?

By attending this Coventry Academy training course you should achieve these goals:

  • How to Understand the Process of Purchasing in Their Business
  • How to Improve Negotiation Skills for a Win-Win Outcome
  • Understand the Errors in Negotiating
  • How to Improve Relationships with Customers and Suppliers
  • How to Rate the Efficiency of Suppliers
  • Understand the Implications of Cost Control
  • Know How to Make Significant Cost Savings in Their Organisations

Who is this Training Course for?

This Coventry Academy training course is suitable for middle managers who work in purchasing and operational areas in the organisation, as well as consultants and professionals who operate alongside of them. For example:

  • Operational Managers
  • Financial Managers
  • Buyers
  • Managers in the Organisation Who Would Benefit From Understanding the Principles of Purchasing

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