Commercial Negotiation in Supply Chain Course Overview

Commercial Negotiation in Supply Chain Course Overview

Overview of the Commercial Negotiation in Supply Chain Course

Our Commercial Negotiation in Supply Chain course is designed for professionals with over 2 years of experience in a business environment. Over 60 hours, you will develop technical skills and knowledge crucial for effective Procurement and Supply chain management.

Learning Objectives:
- Understand key approaches in commercial negotiations.
- Differentiate between Negotiation styles and their applications.
- Assess the balance of power and its impact on outcomes.
- Prepare effectively for negotiations, considering various economic factors.
- Identify stages and methods to achieve your desired outcomes.
- Enhance communication skills essential for successful negotiations.

This practical course ensures you can apply these concepts immediately, fostering improved negotiation outcomes and stronger stakeholder relationships.

Pre-requisite: A basic understanding of supply chain operations.

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2,550

  • Live Training (Duration : 60 Hours)
  • Per Participant
  • Guaranteed-to-Run (GTR)
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♱ Excluding VAT/GST

Classroom Training price is on request

You can request classroom training in any city on any date by Requesting More Information

  • Live Training (Duration : 60 Hours)
  • Per Participant

♱ Excluding VAT/GST

Classroom Training price is on request

You can request classroom training in any city on any date by Requesting More Information

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Course Prerequisites

Minimum Required Prerequisites for Commercial Negotiation in Supply Chain Course


To ensure that you maximize your learning experience and derive the most benefit from the Commercial Negotiation in Supply Chain course [L4M5], we recommend the following minimum prerequisites:


  • Basic understanding of how the supply chain works.
  • At least 2+ years of relevant experience in a business environment.

These prerequisites are designed to ensure that you have the foundational knowledge and experience necessary to grasp the course content effectively. There are no formal entry requirements, making this qualification accessible for those looking to enhance their skills in commercial negotiation within the supply chain context.


Target Audience for Commercial Negotiation in Supply Chain

Introduction:
The Commercial Negotiation in Supply Chain course develops advanced Negotiation Skills for professionals with 2+ years of business experience, benefiting procurement and supply chain roles.


Target Audience & Job Roles:


  • Procurement Manager/Officer


  • Supply Chain Manager


  • Procurement Analyst


  • Purchasing Manager


  • Category Manager


  • Contract Manager


  • Logistics Manager


  • Operations Manager


  • Supplier Relationship Manager


  • Sourcing Specialist


  • Supply Chain Consultant


  • Project Manager (related to procurement)


  • Commodity Manager


  • Vendor Manager


  • Procurement Specialist




Learning Objectives - What you will Learn in this Commercial Negotiation in Supply Chain?

Introduction to Course Learning Outcomes

The Commercial Negotiation in Supply Chain course is designed to enhance your Negotiation Skills, knowledge, and competencies. This course will cover key approaches, preparation, execution, and assessment of commercial negotiations with external organizations.

Learning Objectives and Outcomes

  • Understand key approaches in commercial agreements:

    • Analyze the role of commercial negotiations in procurement and supply.
    • Differentiate between win-win integrative and distributive negotiation approaches.
    • Explain how the balance of power affects negotiation outcomes.
    • Identify different types of relationships that impact negotiations.
  • Prepare effectively for negotiations:

    • Describe various types of costs and pricing in commercial negotiations.
    • Contrast the economic factors impacting commercial negotiations.
    • Analyze criteria for setting objectives, opening, and presenting issues in negotiations.
    • Identify the resources required, such as location, colleagues, and technology.
  • Execute successful commercial negotiations:

    • Identify the stages of commercial negotiation including preparation, opening, proposing, bargaining, agreement, and closure.
    • Appraise methods and tactics to influence desired outcomes.
    • Compare communication skills that aid in achieving successful negotiation outcomes.
    • Analyze performance assessment to inform future negotiation practices and improve relationships post-negotiation.

Technical Topic Explanation

Procurement

Procurement is the process businesses use to acquire goods and services to fulfill their operational needs. It involves identifying what is needed, finding suppliers, negotiating terms, and making purchases. Effective procurement ensures that the necessary items are obtained in a cost-effective manner, meeting the quality and time requirements of the business. Managing this process well can lead to significant cost savings and improved business efficiency. Commercial negotiation training can play a key role in equipping procurement professionals with skills to secure the best deals and value from suppliers.

Supply chain management

Supply chain management involves overseeing the entire process of moving goods from manufacturers to consumers. This includes coordinating production, transportation, inventory, warehousing, and delivery. The goal is to ensure that products are delivered efficiently and meet quality standards. Effective supply chain management can reduce costs, speed up delivery, and improve service to customers. It involves complex strategies for optimizing each step of the chain and often requires robust commercial negotiation skills to ensure terms and partnerships are favorable.

Negotiation styles

Negotiation styles refer to the various strategies and approaches that individuals use to achieve their desired outcomes in discussions, deals, or conflicts. These styles are heavily influenced by personalities, cultural backgrounds, and desired goals. They usually fall into categories like collaborative, competitive, compromising, accommodating, and avoiding. Each style has its strengths and weaknesses, and the effectiveness often depends on the situation and relationships between the parties involved. Understanding and mastering multiple negotiation styles can significantly enhance your ability to secure favorable agreements, making commercial negotiation training an essential skill for professionals across industries.

Target Audience for Commercial Negotiation in Supply Chain

Introduction:
The Commercial Negotiation in Supply Chain course develops advanced Negotiation Skills for professionals with 2+ years of business experience, benefiting procurement and supply chain roles.


Target Audience & Job Roles:


  • Procurement Manager/Officer


  • Supply Chain Manager


  • Procurement Analyst


  • Purchasing Manager


  • Category Manager


  • Contract Manager


  • Logistics Manager


  • Operations Manager


  • Supplier Relationship Manager


  • Sourcing Specialist


  • Supply Chain Consultant


  • Project Manager (related to procurement)


  • Commodity Manager


  • Vendor Manager


  • Procurement Specialist




Learning Objectives - What you will Learn in this Commercial Negotiation in Supply Chain?

Introduction to Course Learning Outcomes

The Commercial Negotiation in Supply Chain course is designed to enhance your Negotiation Skills, knowledge, and competencies. This course will cover key approaches, preparation, execution, and assessment of commercial negotiations with external organizations.

Learning Objectives and Outcomes

  • Understand key approaches in commercial agreements:

    • Analyze the role of commercial negotiations in procurement and supply.
    • Differentiate between win-win integrative and distributive negotiation approaches.
    • Explain how the balance of power affects negotiation outcomes.
    • Identify different types of relationships that impact negotiations.
  • Prepare effectively for negotiations:

    • Describe various types of costs and pricing in commercial negotiations.
    • Contrast the economic factors impacting commercial negotiations.
    • Analyze criteria for setting objectives, opening, and presenting issues in negotiations.
    • Identify the resources required, such as location, colleagues, and technology.
  • Execute successful commercial negotiations:

    • Identify the stages of commercial negotiation including preparation, opening, proposing, bargaining, agreement, and closure.
    • Appraise methods and tactics to influence desired outcomes.
    • Compare communication skills that aid in achieving successful negotiation outcomes.
    • Analyze performance assessment to inform future negotiation practices and improve relationships post-negotiation.