This Purchasing Techniques, Negotiating & Cost Reduction training course will examine an organization’s revenue that is spent on goods and services – everything from raw materials to spares and stocks. Hence, when the goal is to increase earnings by lowering costs, world-class organizations look closely at their purchasing strategies.

Success in purchasing is dependent not only on an awareness of the potential opportunities, but more importantly, and the focus of this course, is the knowledgeable implementation of the methods, processes, and techniques that should be utilized in order to become a leader in obtaining real supply management savings through negotiations and understanding cost reduction.

This Purchasing Techniques, Negotiating & Cost Reduction training course will feature:

• How to be world class in cost reductions
• Processes for developing purchase price index
• How to evaluate supplier prices
• The importance of planning in successful negotiations
• Approaches in negotiations

By the end of This Purchasing Techniques, Negotiating & Cost Reduction training course, participants will be able to:

• Examine the key features in spend profiles
• Evaluating costing reduction opportunities
• Understanding supplier pricing structures
• Apply purchasing strategic plans
• Develop common approaches in planning for negotiations

This Purchasing Techniques, Negotiating & Cost Reduction training course is suitable to a wide range of professionals but will greatly benefit:

• Contracts, Purchasing and Procurement Personnel
• Engineering, Operational, Project and Maintenance Personnel
• Those who are involved in the planning, evaluation, preparation and management of purchasing, tenders, contracts that cover the acquisition of materials, equipment, and services

This Purchasing Techniques, Negotiating & Cost Reduction training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This course will combine variety of instructional methods including lecture by an experienced practitioner and consultant, exercises and role playing, and group discussions covering current practices and their relationship to the implementation of new concepts.