PLEASE CLICK HERE to view upcoming event. Information here is outdated

Advanced Procurement Management: Maximising Cost Savings & Negotiation Strategies

22-23 Apr, 2026, Wyndham Grand Bangsar Kuala Lumpur

IPA Training is Registered with

Venue Details

Wyndham Grand Bangsar Kuala Lumpur
No 1, Jalan Pantai Jaya Tower 3, 59200 Kuala Lumpur,

https://wyndhamgrand bangsarkl.com.my/


Phone : (603) 22981888

Contact us

FOR COURSE DETAILS

Juliany,

Office: 03 2283 6109

Mobile: +60 122281247

juliany@ipa.com.my

Phoebe,

Office: 03 2283 6100

Mobile: +60 193637822

phoebe@ipa.com.my

Bee Teng,

Office: 03 2282 6112

Mobile: +60 172566121

beeteng@ipa.com.my

FOR CUSTOMISED IN-HOUSE TRAINING

Jane,

Office: 03 2283 6101

Mobile: +60 129418251

jane@ipa.com.my

Keith,

Office: 03 2283 0000

Mobile: +60 162272735

keith@ipa.com.my

ADDRESS

A-28-5, 28th Floor, Menara UOA Bangsar,
No.5, Jalan Bangsar Utama 1,
59000 Kuala Lumpur

FOCUSING ON
  • Module 1 – Cost Reduction and Cost Avoidance
  • Module 2 – Managing Powerful Suppliers
  • Module 3 – Understanding Suppliers Traits and Behaviors for Negotiation
  • Module 4 – Key Principle of Negotiation
  • Module 5 – Principled Negotiation
  • Module 6 – Understanding your Alternatives
  • Module 7 – Dealing with Offer and Rejection
  • Module 8 – Negotiator Profile and Traits
  • Module 9 – Influencing Strategy
COURSE OBJECTIVES

To improve company profitability and the ability to drive up market share, the demand for effective and efficient procurement management is a prerequisite. Key competencies in the area of cost control, applying strategic strategy to manage supplies and the negotiation of the most advantageous benefits to the company are extremely important.

This course promotes the key competencies to manage procurement and purchasing effectively by delivering the technique of managing cost saving activities and handling effective negotiation.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. IDENTIFYING the type of negotiation strategy to be in place to managing procurement negotiation.
  2. DEVELOPING skills in handling difficult negotiations.
  3. UNDERSTANDING successful negotiator techniques.
  4. UNDERSTANDING the positive traits to develop in order to be a successful negotiator.
  5. IDENTIFYING own and opponent strength and weakness and developing alternatives before going into negotiation.
  6. UNDERSTANDING the correct techniques of cost reduction using the ERRANT methodology.
  7. DEVELOPING competencies in handling cost savings and negotiation.
WHO SHOULD ATTEND
This Course Is Highly Recommended For Employees Involved In The Management Of The Supply Chain Function In The Company, For Example, Personnel From The Procurement, Warehouse, Logistics And Planning Department And Finance.
METHODOLOGY

This training will involve the following area to enhance learning:

  • Case Studies & Brain Storming Session
  • Discussion On Subject Of Learning
  • Interactive Facilitating by trainer to enhance understanding of subject matter
  • Participants will receive a Case Study on the first day of the class on Negotiation and Cost Reduction. They will be expected to present their solutions for the cost reduction case study by the end of Day 1, and for the negotiation case study by the end of Day 2.
Day 1
9:00

MODULE 1 – COST REDUCTION AND COST AVOIDANCE

  • Cost Reduction versus Cost Avoidance
  • Area of Cost Reduction and Cost Avoidance
  • Key Factors to consider in Cost Reduction
  • Opportunity cost in cost reduction activities
  • ERRANT cost reduction and avoidance strategy
  • Team setting for cost reduction
  • EXCEL spreadsheet reporting on cost avoidance and reduction
  • Break out room discussion
10.45

MODULE 2 – MANAGING POWERFUL SUPPLIERS

  • Problems with powerful suppliers
  • Strategies to control powerful suppliers
  • Bringing new value to the supplier
  • Changing buying strategy
  • Create new source
  • Play hardball
12.00

MODULE 3 – UNDERSTANDING SUPPLIERS TRAITS AND BEHAVIORS FOR NEGOTIATION

  • Key suppliers’ traits that all buyers looking for
  • The Leader
  • The Innovative
  • The Monopoly
  • The Follower
  • The Complacent
  • Understanding the Negotiation Competitiveness Model
  • Integrative or Distributive negotiation
  • Case study
1:00 Lunch
2:00

MODULE 4 – KEY PRINCIPLE OF NEGOTIATION

  • What is Negotiation?
  • Stages of Negotiation
  • 5 principles of ethical negotiation
  • 7 elements of negotiation
3:45

MODULE 5 – PRINCIPLED NEGOTIATION

  • 4 key principles of principled negotiation
  • Generate Option for positive result
  • How to use Objective Criteria to Present Argument
  • Handling Challenges
  • Getting a Yes in negotiation
5:00 End of Day 1
Day 2
9:00

MODULE 6 – UNDERSTANDING YOUR ALTERNATIVES

  • Definition of WATNA and BATNA
  • Steps to develop your alternatives
  • Looking for ZOPA
10.45

MODULE 7 – DEALING WITH OFFER AND REJECTION

  • Deciding red lines in negotiation
  • Understand when to walk away
  • Managing Reject and counteroffer
  • Dealing with difficult negotiators
1:00 Lunch
2:00

MODULE 8 – NEGOTIATOR PROFILE AND TRAITS

  • Negotiation Team
  • The Soft Negotiator
  • The Principled Negotiator
  • The Hard Negotiator
  • Traits of a good negotiator
  • Bad Negotiator habits
  • Mistakes made in Negotiation
  • Body language in negotiation
  • Bad Negotiator habits
  • Mistakes made in Negotiation
  • Body language in negotiation
  • Dealing with difficult negotiators
  • Break out room discussion and role play
3:45

MODULE 9 – INFLUENCING STRATEGY

  • Why Influencing is Important
  • How do you build Influence
  • Positive Influencing others
  • Key Sources of Influence
  • Power strategy versus Influencing strategy
  • 3 Rs of Influencing Strategies
  • SWOT analysis
  • Case study and Role Play
5:00 End of Course