Purchasing Techniques, Negotiation and Cost Reduction

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Contract and Project Management
Purchasing Techniques, Negotiation and Cost Reduction

Course dateNew dates coming soonVenueContact usCPD hours20Duration5 DaysFee£4,300

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In the world today it is not unusual for more than 50% of an organisation’s revenue to be spent on goods and services; everything from raw materials to overnight mail. So, when the goal is to increase earnings by lowering costs, World-class organisations 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 seminar, the knowledgeable implementation of the, methods, processes, and techniques that should be utilised in order to become a leader in obtaining real supply management savings.

Course Objectives

By the end of the training programme, each participant will be able to:

Learn to win in negotiations.
Taught by a consultant with years of actual experience in negotiations with suppliers and buyers as well as an expert in the implementation of cost reduction programmes.
A Fast paced course with group and individual exercises to provide experience with the techniques presented.
Receive a cost reduction reporting procedure and a template for a purchased material/service strategic plan.

Who Should Attend?

Contracts, Purchasing, and Procurement personnel,
Engineering, Operational, Project, and Maintenance personnel,
All others who are involved in the planning, evaluation, preparation and management of purchasing,
tenders, and contracts that cover the acquisition of materials, equipment, and services, and who are in organisations whose leadership want high levels of competency in those involved in these activities.

Day by day

Course Outline

The Need For Change
How Do Other Functions View Purchasing
A Purchasing Savings Model
Total Cost Of Ownership Models
Continuous Improvement Skill Sets
Cost Reduction Initiatives
Cost Savings Reporting Procedure
Data Mining
Establishing A Strategic Focus With The ABC Analysis
Modern Methods Of Analysing The Spend

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Date & venue

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Price£4,300

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Corporate buyer? You can request to pay by invoice at checkout.

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Dates, Venues & Prices

New dates for this course are being scheduled. Contact us and we'll let you know the upcoming dates — or arrange a session for your team.

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Book this course

Date & venue

New dates coming soonContact us

Price£4,300

Places available

Covered by the LTFE Guarantee — 100% satisfaction

Corporate buyer? You can request to pay by invoice at checkout.

Need help deciding?

WhatsApp Isabel

Not sure it's the right course? Ask Isabel.Leave a message

Our Contract and Project Management training advisor — replies within an hour during working hours.

WhatsApp Isabel

isabel@londontfe.com

+447424217520

Run this course for your team

We deliver this course in-house, tailored to your organisation — at your offices or a venue of your choice, anywhere in the world.

2013delivering training since

65,000+training hours delivered

5 / 5from 100+ verified reviews

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What our delegates say

Thank you for the opportunity for having attended Advanced Skills of the Bid and Tender Management Process from London Training for Excellence. It was a good experience as I find myself with added knowledge so as to contribute I a more quality manner to my com…

Peter W

The course is very adaptable to everyday work and contributes to developing CSR framework in our own organisation. Very practical and useful.

Ove H

The training provided by LondonTFE are very inspirational and thought provoking. The outlines are comprehensive and the method of teaching is mostly practice-oriented. The LondonTFE staff always been able to balance the composition of participants, which contr…

Bilal M.

Frequently Asked Questions

Can I pay by invoice or purchase order?−

Yes — choose “By Invoice” at checkout and we’ll invoice your company. You can also pay instantly by card, Apple Pay, Google Pay or PayPal, with confirmation the moment payment completes.

What’s included in the course fee?+

Expert-led tuition for the full course, all course materials, and your CPD certificate. The fee shown is per delegate; UK VAT is added for UK-billed bookings.

Will I receive a certificate?+

Yes — every course is CPD-accredited and this course carries 20 CPD hours, which you can put towards your professional portfolio.

Can I transfer to a different date if my plans change?+

Contact our team and we’ll do our best to move your booking to another scheduled date, subject to availability. We never cancel a confirmed booking.

Do you offer group discounts?+

Yes — register 3 delegates on the same course and pay for 2 with our 3-for-2 offer. For larger groups or private delivery, ask us for a group quote.

Can this course run in-house for my organisation?+

Yes — we deliver tailored in-house versions of this course worldwide, at your offices or a venue of your choice. Get in touch for a proposal.

How often do you update your course content?+

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

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