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Corporate Training

Procurement & Materials Management

Purchasing Techniques, Negotiating & Cost Reduction

Course Overview

PTNCR

Purchasing Techniques, Negotiating & Cost Reduction

Course Methodology

This course is designed to equip participants with practical skills in purchasing management, negotiation techniques, and cost reduction strategies. Emphasis is placed on developing effective procurement practices, improving supplier relationships, and achieving significant cost savings without compromising quality. Through a mix of theoretical learning and practical application, participants will become proficient in modern purchasing techniques and negotiation strategies essential for driving procurement excellence.

Course Objectives

Upon completing this supply chain certification, participants will be able to:

  • Apply advanced purchasing techniques to improve procurement performance.
  • Develop and execute effective negotiation strategies in various procurement scenarios.
  • Identify and implement cost reduction strategies while maintaining supplier quality and performance.
  • Conduct total cost of ownership (TCO) analysis and supplier performance evaluation.
  • Build and maintain strong supplier relationships to support long-term business goals.
  • Mitigate procurement risks and ensure compliance with organizational and legal standards.
Target Audience

N/A

Target Competencies
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PTNCR | Purchasing Techniques, Negotiating & Cost Reduction