Purchasing Negotiations Preparations for TCO

Date: 01 Oct to 02 Oct 2014

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Program Summary

Negotiations are won and lost before they ever start. At least 80% of your time should be spent preparing for negotiations. Rookie negotiators however compromise on price to make the supplier feel like they got a win/win deal. Purchasing Masters use powerful behavioral psychology techniques to drive win/win results that do not impact the purchasing professional’s TCO objectives, thereby allowing both parties to be successful.

You will learn how to recognize, pursue, track, and report the various types of cost savings so that every opportunity is recognized and captured. Plus discover how to develop cost modeling (must cost, should cost, total cost, & benchmarking) for pre-negotiations data analysis – knowing which one to use, how to use, and when to use. A deep analysis will be done on how to understand costs and cost drivers and how to take costs out of the supply chain – instead of simply focusing on reducing supplier profit margins.

This seminar will culminate in giving advanced tools and methodologies that provide breakthrough results to set you apart from your peers and put your results and your career on the fast track to success.
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Program Payback

  • Why the goal of purchasing is NOT to make the internal customer happy
  • Stop making compromises on price & start making compromises and concessions in areas that don’t impact your total cost objectives
  • How to organize and manage your negotiating team for orchestrated results?
  • Behavioral psychology techniques that motivate the supplier to want to make concessions and compromises to help you achieve your total cost objectives
  • How to do should cost, must cost, and total cost models – when and why to use them?
  • What critical information to gather in the pre-negotiation phase from the supplier and how to interpret it?
  • How to call a supplier’s bluff when they say they are going to walk from the negotiation table?
  • Stop focusing just on reducing supplier profit margins to get a better price &start focusing on end to end cost opportunities.
  • How to correctly capture & categorize cost savings and put suppliers to work for you to help make these figures take off.
  • Learn how to put the supplier to work for you to help aggregate internal expenditures for better volume discounts?
  • Powerful examples and techniques to take costs out of the supply chain.
  • How to manage and lead highly successful negotiations?

Training Methodology

This seminar will combine a variety of instructional methods including lecture by an experienced practitioner and consultant, exercises, and group discussions covering current practices and their relationship to the implementation of new concepts.

Who Should Attend?

Buyers , Purchasing Planners, Commodity Specialists/Managers, Supplier Managers, Finance Employees and Managers, Purchasing Supervisors/Managers, Purchasing Directors, Supply Line Managers, Contract Managers, Supply Chain Specialists/Managers, Business partners of the purchasing department (customers, finance, etc), Anyone who aspires to work in purchasing , Sales professionals who wish to better understand purchasing strategies of their customers.
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