Advanced Strategies to Negotiate Lower Prices with Suppliers

PROGRAM SATISFACTION

Participants who attended this course previously rated their satisfaction at 85.6%.

Program Satisfaction = 85.6%.

Full of good info, very beneficial to me and the company. Robi is very knowledgeable and experienced… Material Sourcing Analyst, CPOC (Carigali-PTTEPI Operating Company), Malaysia

PROGRAM SUMMARY

 The price is the most common issue negotiated between buyer and seller. But according to salespeople, buyers generally do little more than just say the seller’s price is too high and must be reduced—a strategy sellers are very prepared to deal with. Buyers must level up their negotiation skills by being able to sell the supplier on why the seller’s price is too high?

This is the strategy used by procurement personnel with advanced skills to bring significant savings to their organization. This seminar is designed to provide advanced techniques and tools to create expert negotiators who bring high confidence and abilities to price negotiations with suppliers and contractors.

 

PROGRAM PAYBACK

Upon completion of this seminar, participants will benefit by learning:

• The criticality of preparation and planning in successful price negotiations
• Advanced negotiation skills sets
• Methods in preparing to negotiate price
• About cost drivers and market changes that can reduce price
• Seller’s pricing objectives
• Total Cost of Ownership Concepts
• How Best to Negotiate in a Volatile Market
• Combining Price Negotiations with other important issues
• How to work with Cost Estimating Relationships
• The elements of cost that make up the price
• Defining The Negotiation Objectives
• Establishing initial positions
• Important elements of final preparation
• Thru the negotiation of actual sample cases

WHO SHOULD ATTEND?

• General Managers Directors, Vice Price Presidents, Managers and professionals involved in: contracts, purchasing, contract administration, projects, operations, maintenance, engineering, quality, and other company activities that expose them or their staff’s to negotiations with contractors and suppliers and who want to improve their competency in this critical area of performance.