Gain a greater understanding of the commercial and supplier engagement dynamics which underpin typical procurement activities on this Commercial Awareness training course.

This 1-day course equips delegates with the knowledge and skills to drive commercial value to their organisations.

Participants will learn to analyse market trends, negotiate effectively, and optimise supplier relationships. Emphasis is placed on identifying benefit and value opportunities, improving efficiency, and securing contracts that deliver measurable financial and operational benefits.

This training course is recommended for procurement professionals and contract managers seeking a greater understanding of commercial and supplier engagement dynamics to deliver real value back to their organisation.

Topics covered on this course include:

  • introduction to commercial awareness
  • collectively ownership of the commercial landscape
  • buyer and seller behaviour
  • value and bargaining range
  • the power balance
  • importance of competition
  • types of supplier negotiation
  • commercial levers and how to use them
  • internal negotiation

Following the course delegates will have a greater awareness of the commercial principles that support procurement including:

  • the value of commercial awareness and collective ownership
  • buyer and seller relationships
  • buyer and seller power balance
  • negotiation principles