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Effective Purchasing, Negotiation and Cost Reduction Strategies

Effective Purchasing, Negotiation and Cost Reduction Strategies

LOGISTICS, PURCHAISNG AND SUPPL


Effective Purchasing, Negotiation and Cost Reduction Strategies

Introduction:

This course is proudly introduced to you by the International Academy of Human Resource Development(IAHRD). Our courses are customized to match your needs in which they are designed by experts who has a long practical experience in the field.

Continuous improvement in cost and productivity is extremely important for the organization. The application of cost reduction initiatives is considered a competitive advantage to the organization. This course will help you become excellent in achieving such activities efficiently.

Objectives: 

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

  1. Conduct effective negotiations and win them wisely.
  2. Implement  cost reduction strategies.
  3. Understand the need of flexibility and adapting to change.
  1. Establish a strategic focus with the ABC analysis.

Contents: 

Module 1:

  1. Adaptation to change and flexibility.
  2. The link between other functions and purchasing.
  3. The model of purchasing.
  4. Innovative cost reduction initiatives.
  5. Reporting procedure of efficient cost saving.
  6. ABC analysis.
  7. Expenses analysis.

Module 2: 

  1. Company Purchase Price Index.
  2. Supply marketplace.
  3.  How suppliers price?
  4. The importance of benchmarking.
  5. Elimination of  low value activities.
  6. Price increase resistance.
  7. Evaluation of your suppliers performance.

Module 3: 

  1. Competition in the marketplace.
  2. Historical prices and current prices.
  3. Fair profit objectives.
  4. What are the elements of cost?
  5. What are our responsibilities as agents? 

Module 4: 

  1. Effective negotiation skills.
  2. The art of persuasion.
  3. Payment terms.
  4. Spare parts and warranties.
  1. Negotiation model cases.
  2. Discussion of the results.

Who should attend? 

  1. Contracts, Purchasing, and Procurement Personnel.
  2. Engineering, Operational, Project, and Maintenance Personnel.
  1. Personnel Involved In The Planning, Evaluation, Preparation.
  2. Managers Of Purchasing, Tenders, And Contracts That Cover The Acquisition Of Materials, Equipment, and Services.
  3. Leaders Who Want High Levels Of Competency In Those Involved In These Activities.

Istanbul

# Price ($) From
d-m-Y
To Action
1 3,250 17-02-2020 21-02-2020 Enquire
Course Code:3922
2 3,250 20-04-2020 24-04-2020 Enquire
Course Code:3923
3 3,250 22-06-2020 26-06-2020 Enquire
Course Code:3924
4 3,250 17-08-2020 21-08-2020 Enquire
Course Code:3925
5 3,250 19-10-2020 23-10-2020 Enquire
Course Code:3926
6 3,250 21-12-2020 25-12-2020 Enquire
Course Code:3927

Kuala Lumpur

# Price ($) From
d-m-Y
To Action
1 2,950 23-02-2020 27-02-2020 Enquire
Course Code:5212
2 2,950 19-04-2020 23-04-2020 Enquire
Course Code:5213
3 2,950 21-06-2020 25-06-2020 Enquire
Course Code:5214
4 2,950 16-08-2020 20-08-2020 Enquire
Course Code:5215
5 2,950 18-10-2020 22-10-2020 Enquire
Course Code:5216
6 2,950 20-12-2020 24-12-2020 Enquire
Course Code:5217

London

# Price ($) From
d-m-Y
To Action
1 4,500 17-02-2020 21-02-2020 Enquire
Course Code:6297
2 4,500 13-04-2020 17-04-2020 Enquire
Course Code:6298
3 4,500 15-06-2020 19-06-2020 Enquire
Course Code:6299
4 4,500 10-08-2020 14-08-2020 Enquire
Course Code:6300
5 4,500 12-10-2020 16-10-2020 Enquire
Course Code:6301
6 4,500 14-12-2020 18-12-2020 Enquire
Course Code:6302

Doha

# Price ($) From
d-m-Y
To Action
1 3,250 27-04-2020 01-05-2020 Enquire
Course Code:3016
2 3,250 24-08-2020 28-08-2020 Enquire
Course Code:3017