Learning Objectives:
- Negotiation Overview: Understanding the purpose of negotiations for supply management professionals and the different types of negotiations.
- Steps in Negotiation: Understanding the seven steps in negotiation.
- Negotiation Strategies: Selecting the right strategy to engage the supplier in a negotiation.
- Conditioning & Information Control: Deep dive into the influencing techniques of conditioning, persuasion techniques and practicing them.
- Negotiation Styles for You and Your Team: Understanding your style, how to leverage it and the need to shift styles as well as organizing the right team for the negotiation.
- Cost Information in Negotiations: Gathering and using cost data and information to prepare for a negotiation and during the negotiation.
- 1:1 Negotiation: Understanding and practicing techniques for 1:1 negotiating.
- Stakeholder Management: Managing stakeholders leading up to and during a negotiation and influencing them.
- Team Negotiation: Understanding team dynamics in a negotiation, roles, etc.
- Advanced Negotiation Planning: Using ISM planning templates in preparation for a negotiation with a difficult supplier.
- Negotiation Post-Mortem: Learning from negotiations and feeding the continuous improvement processes.
- Action Plan: Using the tools and techniques to achieve a measurable result.
Virtual Class Schedule:
Day 1 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 1 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
Day 2 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 2 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
Who Should Attend:
This supply management training is ideal for fundamental & proficient level professionals involved in the various aspects of sourcing, contracting and relationship management. You will gain insight on negotiation strategies to take in product or service negotiations to optimize organizational value.