Purchasing Techniques, Negotiation and Cost Reduction

Purchasing Techniques, Negotiation and Cost Reduction


Purchasing is a critical business process that enables an organisation to secure a wide range of resources efficiently and effectively. This Purchasing Techniques, Negotiation and Cost Reduction training course introduces techniques
that enable delegates to return to their organisations and make immediate cost savings across the business.

Target Audience 
- Operational Managers
- Financial Managers
- Buyers
- 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.

At the end of this course the participants will be able to: 
- Understand the Process of Purchasing in Their Business
- Apply Purchasing Strategic Plans
- Improve Negotiation Skills for a Win-Win Outcome
- Understand the Errors in Negotiating
- Improve Relationships with Customers and Suppliers
- Rate the Efficiency of Suppliers
- Understand the Implications of Cost Control
- Make Significant Cost Savings in Their Organisations

Module 1: Overview of Purchasing
Module 2: Continuous Improvement in Cost and Productivity
 Module 3: Defining Cost Reduction Opportunities
Module 4: Methods of Price Evaluation
Module 5: Successful Negotiations
Module 6: Determining Strengths and Weaknesses

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