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Leading Practices and Strategies in Contract Negotiations

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OVERVIEW
While many negotiation courses address the topic in a general light, this webinar is specifically focused upon the commercial relationship negotiation interface – between procurement/sourcing and sales.  You will learn how to become an effective negotiator in the context of a commercial contracting – you will realize that negotiation is not merely an event, but rather an inter-related phase in a larger process.  When should you negotiate?  How can you best prepare for negotiations with commercial partners?  Why are internal negotiations with stakeholders sometimes tougher than negotiating with external commercial partners?  These are just some of the easier questions we will address in this informative and practical session.


LEARNING OBJECTIVES
  • The key objectives include:
  • The structure of a negotiation strategy document and knowing what to cover
  • The core negotiation points to cover in certain contract clauses, such as warranties, indemnities, acceptance, standards of performance and delivery
  • How to move negotiation from philosophical points, to conceptual elements and further on to specific details
  • Striving for complete, consistent and collaborative negotiation strategies
  • Why, how and when to not negotiate
  • Automation, tools and tactics which make negotiation quicker, cheaper and more reliable

WHY SHOULD YOU ATTEND
This session will allow the participants to understand how negotiation strategies will differ across a relationship segmentation portfolio, and anticipate how specific negotiation concessions will impact the overall financial proposition behind a deal.  Plus, there will be discussion around the tools and talent needed, allowing participants to identify the appropriate commercial skills needed for a successful negotiation and understand the commercial tools used in a successful negotiation.  The session will also cover some of the tactical points, such as how to develop the key tactical points in a world-class negotiation plan and then define and measure tactical success in a negotiation.


AREAS COVERED
This session will focus on the strategic and tactical aspects of negotiating with vendors and suppliers.  Topics will include: 

  • The ideal timing to initiate a negotiation
  • Establishing the strategic direction for the negotiation process
  • Addressing stakeholder needs and expectations from the negotiation
  • Meeting the vendor’s/supplier’s needs
  • Approaching the strategic and tactical issues related to the negotiation
  • Developing contingency and fallback plans in case there is a deadlock
  • Deciding when to fall back, compromise or pursue creative solutions
  • Plus, the trends and pitfalls to avoid in negotiations  

WHO WILL BENEFIT?
  • Purchasing, sourcing and supply management professionals
  • Sales contracting professionals
  • Contract lawyers and attorneys
  • Contract management professionals
  • Contract managers and administrators
  • End-users who impact, or are impacted by, the contracting process
  • Finance professionals involved in contracting
  • Contract negotiators
  • Operational managers
  • Commercial relationship managers

SPEAKER
Jim Bergman is an experienced negotiation professional with international management consulting experience in commercial management across the USA, UK, Europe, China, India, SE Asia, the Middle East, Africa and Australia. He has experience working on a wide range of direct and indirect categories in various industries and has a broad knowledge of numerous aspects of services, goods and technology contracting.
Previously, Mr. Bergman was a contracts attorney for a Fortune 500 petrochemical corporation, Amoco Corporation, and was responsible for legal and negotiations support to the procurement staff.  He supported multiple locations globally, where he addressed strategic sourcing and legal issues concerning commodities and services valued at more than $1 billion annually. 


For more detail please click on this below link:
Email: support@247compliance.com
Tel: +1-(510)-868-1040

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