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Procurement Negotiations & Cost Management

30 hours of extensive training

22 up-to-date modules on industry practices

Online & classroom learning modes

Learn effective negotiation strategies and techniques

Schedule your classes on weekdays or weekends

Hassle-free payment procedures

4.8/5

4672 Enrolled

Overview

What our training includes:

  • Master cost management principles and practices
  • Understand supplier relationship management basics
  • Analyse cost structures and pricing models
  • Develop negotiation planning and preparation skills
  • Procurement Negotiations and Cost Management Training includes practical insights from industry case studies
  • Implement cost reduction strategies successfully
  • Explore global sourcing and procurement trends

Learning Objectives

Once you complete the course, you will be able to:

  • 1

    Acquire a deeper understanding of advanced negotiations and procurement management processes

  • 2

    Understand and implement strategic cost management and negotiation techniques for procurement

  • 3

    Explore best industry practices implemented for effective procurement processes

  • 4

    Identify the key steps to follow before and after procurement negotiation

  • 5

    Maximise value creation by achieving cost savings and other initiatives

  • objective-image

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    Upcoming sessions

    Our Trainers

    We, at Learners Point, take immense pride in our teaching methods and instructors. Our instructors are some of the best experts in their fields and employ a practical approach to learning. Many of them are globally recognised and have a diverse set of experience in their field of expertise. You are always sure to have the best in the industry as your teachers who are ready to guide you at every step and make the experience informative yet enjoyable. Apart from the focus on learning your chosen course, our instructors also encourage students to develop communication skills and interpersonal skills necessary to excel in the practical world.

    Our cutting edge teaching methods make every program an immersive and productive experience for the learners. Our learning methods are research-driven and are continuously updated to stay relevant to present times as well as the future. You will enjoy practical applications of everything learned through theory and regular mock examinations to help monitor your progress. Our courses are led by an instructor in a classroom setup and we do offer online high-quality sessions as well for individuals. We also monitor the training sessions with a progress tracker to maintain high standards of instruction & ethics.

    Our Trainers

    CPD Certification

    Earn a globally recognized CPD UK Certification with professional credit points. This certificate can be attested by The UAE Ministry of Foreign Affairs and International Cooperation for UAE visa issuance.

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    KHDA Certificate

    Earn a KHDA attested Course Certificate. The Knowledge and Human Development Authority (KHDA) is the educational quality assurance and regulatory authority of the Government of Dubai, United Arab Emirates.

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    Learners Point Certificate

    Earn a Course Completion Certificate, an official Learners Point credential that confirms that you have successfully completed a course with us.

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    Related courses

    Curriculum

    • Source to Procure to Pay (s2P2P)
    • Procure to Pay (P2P)
    • Standard cycle process
    • Sourcing process
    • Contracts under sourcing
    • Resource management in sourcing
    • Procurement types
    • Stock & non-stock
    • Capex & Opex
    • Identification of KPI
    • Defining the KPI
    • Supplier relationship management (SRM)
    • Process of Negotiation
    • Approach to Parameter
    • Price as a process
    • Cost centres & applications
    • Current affairs in the market
    • Integrating GDP & economy
    • Types  of contract
    • Parameters in contract
    • Elements of a contract
    • Primary stakeholders
    • Secondary stakeholder
    • Cross trades
    • Exports & imports
    • EXIM loans
    • LC
    • Qualitative approach
    • Quantitative approach

    Frequently asked questions

    As a profession, strategic cost management procurement is starting to get recognition as a major contributor to the overall growth of a company and hence offers plenty of great opportunities for skilled professionals. Especially with an expert level of knowledge, one can easily find his/her way to top positions as it equips them with the versatility to take their career paths to higher levels.

    As organizations are turning to procurement professionals to deliver growth and improve margins, great career options are opening up. The rapid growth of the Gulf region is fuelling demand for procurement professionals, both in the private and public sectors. Our Procurement Negotiation training can lead to a bright future and impressive job prospects for professionals in the UAE.

    This Procurement Negotiation training program discusses the principle techniques of negotiation for effective cost management during procurement. A variety of instructional methods are used in our course including lectures and group discussions. Participants enhance their theoretical as well as practical knowledge by exploring the current best practices for procurement negotiations and learning ways to implement them.

    No prior experience is required to enroll in our expense management coaching in Dubai. However, it will be an added advantage if you have some work experience before joining this program.

    Our Procurement Negotiations and Cost Management course module is underpinned by essential procurement negotiation and cost management principles and models that will equip you and your organizations for current and future challenges.
    We provide ample case studies and open key discussions on current topics relevant to the procurement profession. This course offers a guided learning experience that enables you to gain deep practical insights and update your knowledge on significant policy development in procurement.

    This certification training is designed to offer a comprehensive introduction to procurement and the best negotiation and cost management practices in the sector and so is ideal for professionals employed in the purchasing and operational departments.

    There are no specific prerequisites required to enroll in this course. However, we do recommend participants have a basic understanding of supplier negotiation strategies UAE.

    Learners Point provides 3 types of classes for the online program. Students are given a choice between instructor-led classroom-based group coaching, one-on-one training sessions, or high-quality live and interactive online sessions. The training sessions are interactive, immersive, and intensive hands-on programs.

    These are the industries in Dubai that have a huge demand for individuals certified in this training course:

    • Manufacturing
    • Retail and E-commerce
    • Construction and Real Estate
    • Healthcare and Pharmaceuticals
    • Automotive
    • Energy and Utilities
    • Technology and IT
    • Transportation and Logistics
    • Public Sector
    • Food and Beverage

    After completing your training in Procurement Negotiations and Cost Management, you can apply for the following roles:

    • Strategic Procurement Advisor
    • Spend Analyst
    • Logistics and Operations Procurement Manager
    • Energy and Utilities Procurement Specialist
    • IT and Technology Procurement Manager
    • Chief Procurement Officer (CPO)
    • Director of Strategic Sourcing
    • And many more …

    Do you want to learn more about Learners Point Academy?

    • Learn more about courses
    • Understand about our methodology
    • Let’s talk about Corporate trainings
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    Let's chat!

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