L4M5 Commercial Negotiation - Diamond Package
On completion of this module learners will be able to identify approaches to successfully achieving negotiated commercial agreements with external organisations.
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Learner Handbook
Policies Handbook
How to use the Course Materials
How-to Lesson
Study Plan
Level 4 Crossover Topics
The Relationship Spectrum
French & Raven Power Model
Thomas Kilman Conflict Model (CACAC)
Robbins Conflict Resolution Strategies
MIL & BATNA
Zone of Potential Agreement (ZOPA)
Phases of Negotiation
LO1 - Learning Outcomes You Could Be Asked About
LO1 Full Slide Deck
1.1.1 Definitions of commercial negotiation
1.1.2 Negotiation stages of the CIPS Procurement Cycle
Sourcing Cycle Negotiation
1.1.3 Sources and the management of conflict that can arise in the work of procurement and supply
1.1.4 Managing the negotiation team and the influence of stakeholders in negotiations
1.2.1 Collaborative, win-win, integrative and principled approaches to negotiations
1.2.2 Distributive win-lose, distributive approaches to negotiation
1.3.1 The importance of power in commercial negotiations
1.3.2 Sources of power of the purchaser and the supplier and the impact on negotiations
1.3.3 Organisational power: comparing the relative power of purchasers and suppliers
1.3.4 Methods to improve leverage
1.4.1 The relationship spectrum: the impact of negotiations on the relationship spectrum
The Relationship Spectrum
The Relationship Spectrum Answer
1.4.2 Building relationships based on reputation and trust
1.4.3 Repairing a relationship
Revision Sheets - LO1
Create your Revision Notes for LO1
LO2 - Learning Outcomes You Could Be Asked About
LO2 Full Slide Deck
2.1.1 Types of costs: direct and indirect, variable and fixed
2.1.2 Break-even analysis: cost volume profit formulae
2.1.3 Costing methods: absorption, marginal or variable and activity-based costing
2.1.4 Volumes, margins and mark-ups and their impact on pricing
2.1.5 Types of prices and their influence in commercial negotiations
2.2.1 Sources of information on micro and macroeconomics
2.2.2 The impact of microeconomics and market types on commercial negotiations
2.2.3 Macroeconomics and its influence on commercial negotiations
2.3.1 Setting objectives and defining the variables for a commercial negotiation
2.3.2 Setting targets and creating a best alternative to a negotiated agreement (BATNA)
2.3.3 Identifying the Zone of Potential Agreement
2.3.4 The bargaining mix
2.3.5 Positions and interests
2.4.1 Choice of location
2.4.2 Developing the negotiation team and involving appropriate colleagues in negotiations
2.4.3 Alternative forums for face-to-face negotiations
Telephone v Email Negotiations
Revision Sheets - LO2
Costings, Breakeven, Markup & Margin
Create your Revision Notes for LO2
LO3 - Learning Outcomes You Could Be Asked About
LO3 Full Slide Deck
3.1.1 Defining the stages of a negotiation such as: preparation, opening, testing, proposing, bargaining, agreement and closure
The Stages of Negotiation Revision Sheet
3.1.2 Protecting relationships after the negotiation
3.1.3 How behaviours change during the stages of a negotiation
3.2.1 The use of persuasion methods
3.2.2 The use of tactics to influence the other party
3.3.1 Types of questions
3.3.2 Effective listening
3.3.3 Push and pull behaviours
3.3.4 Non-verbal communication
3.3.5 The influence of culture and local practices on commercial negotiations
3.3.6 The use of emotional intelligence in commercial negotiation
3.4.1 The importance and role of reflection to improve negotiation performance
3.4.2 Assessing opportunities for improvement and development in commercial negotiation performance
Revision Sheets - LO3
Create your Revision Notes for LO3
Revision Notes
Exam & Revision Techniques
CIPS 20 Sample Questions
FULL LO1
FULL LO2
FULL LO3
1.1.1
1.1.2
1.1.3
1.1.4
1.2.1
1.2.2
1.3.1
1.3.2
1.3.3
1.3.4
1.4.1
1.4.2
1.4.3
2.1.1
2.1.2
2.1.3
2.1.4
2.2.1
2.2.2
2.2.3
2.3.1
2.3.2
2.3.3
2.3.4
2.3.5
2.4.1
2.4.2
2.4.3
3.1.1
3.1.2
3.1.3
3.2.1
3.2.2
3.3.1
3.3.2
3.3.3
3.3.4
3.3.5
3.3.6
3.4.1
3.4.2
L4M5 LO1 26th Jan - Cohort 1
L4M5 LO2 2nd Feb - Cohort 1
L4M5 LO3 9th Feb - Cohort 1
L4M5 LO1 26th Jan - Cohort 2
L4M5 LO2 2nd Feb - Cohort 2
L4M5 LO3 9th Feb - Cohort 2
L4M5 LO1 26th Jan
L4M5 LO2 2nd Feb
L4M5 LO3 9th Feb
Lesson 1 Recording
Lesson 1 Audio Recording
Lesson 2 Recording
Lesson 2 Audio Recording
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