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Effective Procurement and Negotiation Skills

Workshop Duration

Two Days

Target Audience

  • All Junior and Middle Managers in Procurement and Supply, Production, R&D, Marketing and Finance Functions and Divisions.
  • All New Entrants in these Functions

Deliverables

An understanding of:

  • The basic principles of procurement and negotiation
  • The major tools and techniques that are used in the pre-contractual phases of supplier selection and development
  • How to undertake a rigorous approach to pre and post contractual negotiation

Workshop Structure

Day One: Understanding The Buying Circumstance

The Context of Professional Procurement and Sourcing:
The Trade-off Between Value for Money, Time and Buyer and Supplier Power

Cost and Value Analysis:
Tools and Techniques for Understanding Cost Drivers, Price and Value for Money

Quotation Analysis:
Tools and Techniques for Undertaking an Effective Quotation Analysis Exercise

Power and Competition Analysis:
Tools and Techniques to Segment Power Structures and to Undertake effective Competition Analysis

Day Two: Selecting The Supplier And Negotiating The Deal

Contract and Relationship Management:
Tools and Techniques for Selecting “Fit-for-Purpose” Relationships and Contracts

Supplier Selection:
Tools and techniques to assist in the formation of the right internal team and in the making of the correct choice of supplier

Supplier Development:
Tools and Techniques for Measuring the Performance and Developing the Competence of Suppliers

Effective Negotiation Management:
Tools and Techniques for the Professional Management of Pre and Post Contractual Negotiation

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