Details

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Negotiation for Procurement Specialist

Duration: 2 Days
Time Schedule: 9:00am to 5:00pm

Introduction

This two-day intensive training is designed to equip procurement specialists with advanced negotiation skills and strategies essential for navigating the complex and high-stakes environment. Through a combination of theoretical insights, practical exercises, and real-world case studies, participants will enhance their ability to negotiate effectively, achieve favourable outcomes, and foster strong supplier relationships.

Course Objectives

• Effectively prepare for negotiations: Confidently approach negotiation scenarios with thorough preparation and a well-defined strategy tailored to the industry.
• Utilize advanced negotiation techniques: Apply advanced tactics to navigate complex negotiations, manage conflicts, and reach mutually beneficial agreements.
• Communicate persuasively and build rapport: Use effective communication skills to build trust, persuade stakeholders, and foster positive relationships with suppliers.
• Navigate ethical and legal challenges: Handle ethical dilemmas and legal issues in procurement negotiations with professionalism and adherence to industry standards.
• Adapt to diverse cultural contexts: Negotiate successfully across different cultural settings, understanding and respecting cultural nuances and practices.
• Implement best practices and continuous improvement: Analyze real-world case studies to identify best practices and develop a personal action plan for ongoing improvement in negotiation skills.

Key Contents

Module 1: Fundamentals of Negotiation

• Principles of negotiation
• Common mistakes in negotiation
• Different types of negotiation strategies (distributive vs. integrative)
• Key negotiation terms and concepts

Module 2: Understanding the Needs of Negotiation in Procurement

• Overview of the procurement process
• Key challenges and considerations in procurement negotiations
• Stakeholder analysis and management
• The needs of negotiation in the specific process of procurement

Module 3: Preparation and Planning for Negotiations

• Importance of preparation and planning in negotiations
• Developing a negotiation strategy and setting objectives
• Conducting market research and understanding supplier dynamics
• Preparation for negotiation with black and white documentation
• Prepare confirmation with evidence
• How to optimize the outcome from the preparation & planning stage

Module 4: Effective Communication Skills in Negotiations

• Verbal and non-verbal communication techniques
• Negotiation with communication in phone call
• Negotiation with communication in physical conversation
• Active listening and questioning skills
• Building rapport and trust with counterparts
• Measure, calibration & adjust comfort level & confidence level

Module 5: Advanced Negotiation Techniques

• Advanced negotiation tactics and counter-tactics
• Handling difficult people and difficult situations during negotiation
• Managing and overcoming negotiation deadlocks
• Techniques for achieving win-win outcomes
• Turn features/ terms & conditions into benefits

Module 6: Ethics and Legal Aspects of Negotiation

• Ethical considerations in negotiations
• Legal frameworks and compliance in procurement
• Handling unethical behavior and legal disputes

Module 7: Cross-Cultural Negotiation Strategies

• Understanding cultural differences and their impact on negotiations
• Adapting negotiation styles to different cultural contexts
• Building cultural competence and sensitivity

Module 8: Negotiation Case Studies and Best Practices

• Review of successful negotiation case studies
• Analysis of best practices and lessons learned
• Strategies for continuous improvement in negotiation skills

Methodology

• Interactive lecture
• Video presentation
• Group workshop & personal reflections
• Role plays & discussion