Negotiation Masterclass: Procurement Negotiations for Sustainable Impact

Building and transforming world-class negotiations for procurement leaders

In person masterclass | December 12-15, 2023, New York
Tuesday–Thursday: 8:30am–6:30pm ET, Friday: 8:30am–3pm ET

Immersive program focused on enhancing individual and institutional negotiation skills for procurement leaders

Apply to Register

If you have any questions, please reach out to negotiation@mckinsey.com.

Program overview

  • Join fellow procurement practitioners for an exclusive opportunity to advance your impact in delivering world-class negotiations.
  • This immersive program pairs best practice research with skill-building simulations to enhance your negotiation skills for procurement on both the individual and institutional level.
  • The masterclass covers cutting-edge proprietary research and tools from McKinsey & Company and other thought leaders.
  • Through a blend of interactive lectures, group discussions, structured feedback, and experiential learning, you will exit the program prepared to take on even the most challenging real-life negotiations.

Program Benefits

  • Engage in immersive hands-on negotiation lessons designed to enhance your skills
  • Access and analyze valuable data from proprietary McKinsey negotiation research on institutional and individual practices
  • Collaborate with geographically and functionally diverse procurement practitioners through team exercises, real-world negotiations simulations, and structured feedback
  • Deepen your procurement impact with in-depth discussions on procurement perspectives and themes, including role-play scenarios
  • Learn from McKinsey experts serving as teaching assistants, providing practical “how to” guidance throughout the program
  • Test the real-world application of concepts at both an individual and personal level
  • Develop an individualized 90-day plan to implement newly acquired knowledge into real-life negotiations

Reviews from previous participants

Distinctive Features

Our social learning platform is designed based on how adults learn, combining the application of concepts with practical, real-world experiences

Group-based projects

Small groups of participants collaborate on course-specific projects based on real-world negotiation tasks (groups change across the tasks)
Small groups of participants collaborate on course-specific projects based on real-world negotiation tasks (groups change across the tasks)

Social learning

Collaboration with peers across industries and geographies, and in community discussion forums
Collaboration with peers across industries and geographies, and in community discussion forums

McKinsey TA guidance

McKinsey consultants serve as teaching assistants, providing distinctive engagement and guidance
McKinsey consultants serve as teaching assistants, providing distinctive engagement and guidance

Practitioners perspective

Program is taught by McKinsey Negotiation Experts who provide practical “how to” guidance based on diverse set of industry backgrounds
Program is taught by McKinsey Negotiation Experts who provide practical “how to” guidance based on diverse set of industry backgrounds

Applied learning mechanics

Encourages application of concepts, including in-line discussion prompts and opportunities for self-reflection
Encourages application of concepts, including in-line discussion prompts and opportunities for self-reflection

Agenda

Agenda

Day 1 agenda

Opening and introduction exercise

Participants objectives
Importance of negotiations excellence
Characteristics of a world-class negotiator
Key negotiation challenges
McKinsey research findings Exercise: Non-rational outcomes based on concept of fairness

Elements of World-Class Negotiation

Understanding Art vs. Science in negotiations
Content/People/Process dimensions and role in negotiations

Six steps in successful negotiations (preparation)

Step 1: Building a fact-base
Step 2: Setting negotiation objectives
Step 3: Understanding your counter-party
Step 4: Setting negotiation strategy (information sharing, creating a BATNA, distributive and integrative trading, concessions)
Step 5: Developing a negotiation process
Step 6: Architecting a game-plan (team roles, negotiation scripts)

Negotiation simulation #1

Based on learning goal; topics most commonly include:

  • Distributive bargaining – approaches to credibly capture larger share
  • Integrative bargaining – methods of trading to create value

Understanding and creating leverage

Exercise: Which party has more leverage and why?
Types of leverage (positive, negative, normative)
Characteristics of leverage
Exercise: Creating exhaustive set of leverage for real-life situations

Negotiation simulation #2

Based on learning goal; topics most commonly include:

  • Internal negotiations on budget
  • Negotiating with no common bargaining range (creative solutions)

Day 1 wrap-up

Participants share reflections and key learnings (to apply to real-life)

Speakers

Not exhaustive

Milan Prilepok

Partner and Global Leader, Negotiation Service Line

Milan is a Partner who has coached client executives across 250 organizations in over 35 countries on negotiations on numerous topics. Milan speaks at various external conferences including Harvard Business School, The Conference Board, Women in Negotiation, etc. Milan also teaches an MBA negotiations course at The Wharton School, and has been rated top 15% faculty by students.

Milan is a Partner who has coached client executives across 250 organizations in over 35 countries on negotiations on numerous topics. Milan speaks at various external conferences including Harvard Business School, The Conference Board, Women in Negotiation, etc. Milan also teaches an MBA negotiations course at The Wharton School, and has been rated top 15% faculty by students.

Ben Mathews

Senior Partner and leader of McKinsey’s retail operations / procurement practice for the Americas

Ben Mathews is the senior partner and leader of the Cleveland office and has extensive experience in retail operations including sourcing not-for-resale items, merchandise assortment, business partnerships & negotiations, store operations, store of the future and supply chain. He has over 20 years of experience both as a consultant and as the VP Supply Chain & Chief Purchasing Officer for a $20B+ global industrial manufacturer.

Ben Mathews is the senior partner and leader of the Cleveland office and has extensive experience in retail operations including sourcing not-for-resale items, merchandise assortment, business partnerships & negotiations, store operations, store of the future and supply chain. He has over 20 years of experience both as a consultant and as the VP Supply Chain & Chief Purchasing Officer for a $20B+ global industrial manufacturer.

Scott Parris

Chief Procurement Officer at McKinsey

Scott Parris is a member of the firm’s North American Purchasing & Supply Management and Real Estate Practice, and with 30+ years of procurement experience. Scott manages a negotiations portfolio of $100+ billion.

Scott Parris is a member of the firm’s North American Purchasing & Supply Management and Real Estate Practice, and with 30+ years of procurement experience. Scott manages a negotiations portfolio of $100+ billion.

Patricio Ibanez

Partner in operations/procurement practice Americas

Patricio is a leader of McKinsey’s Product Development and Procurement practice with extensive expertise of over 16 year in product development, strategic sourcing and supply chain in private label (grocery, home goods, personal care), apparel and footwear, industrial and pharma products, as well as in indirects cost optimization. He has led ~80 major operations transformations with emphasis in driving rapid financial impact as well as long-term sustainability through capability building and change management. He is also founder and global leader of McKinsey’s Digital Procurement.

Patricio is a leader of McKinsey’s Product Development and Procurement practice with extensive expertise of over 16 year in product development, strategic sourcing and supply chain in private label (grocery, home goods, personal care), apparel and footwear, industrial and pharma products, as well as in indirects cost optimization. He has led ~80 major operations transformations with emphasis in driving rapid financial impact as well as long-term sustainability through capability building and change management. He is also founder and global leader of McKinsey’s Digital Procurement.

Chirag Pandya

Partner in Operations, Americas

Chirag is a Partner in Operations Practice, led 75+ strategic negotiations across several functions (Trade unions, capital projects, public sector oil NOC, engineering equipment and consumer goods), experienced in negotiations from both sell and buy side. He has led procurement transformation programs including advanced negotiation strategies and war gaming to deliver results quicker and improve cashflow. Chirag also provides advisory support to several Silicon Valley and London start-ups in negotiating terms with investors.

Chirag is a Partner in Operations Practice, led 75+ strategic negotiations across several functions (Trade unions, capital projects, public sector oil NOC, engineering equipment and consumer goods), experienced in negotiations from both sell and buy side. He has led procurement transformation programs including advanced negotiation strategies and war gaming to deliver results quicker and improve cashflow. Chirag also provides advisory support to several Silicon Valley and London start-ups in negotiating terms with investors.

Spurti Kumar Chivukula

Co-Leader of McKinsey’s Negotiations Service Line, Senior Expert

Spurti Chivukula is a Senior Expert based out of Chicago. She works with organizations across industries, providing coaching from procurement professionals to C-suite executives on negotiations strategies and war-gaming. She has designed and led multiple capability building programs for 5000+ clients across the globe.

Prior to joining McKinsey, she was responsible for flat steel and sheet metal procurement for Suzuki’s India plant.

Spurti Chivukula is a Senior Expert based out of Chicago. She works with organizations across industries, providing coaching from procurement professionals to C-suite executives on negotiations strategies and war-gaming. She has designed and led multiple capability building programs for 5000+ clients across the globe.

Prior to joining McKinsey, she was responsible for flat steel and sheet metal procurement for Suzuki’s India plant.

Hilary Moore

Senior Communications Expert from McKinsey’s London office

Hilary Moore is a Senior Communications Expert with McKinsey. Her work focuses on effectively leveraging influence techniques across cultural barriers. Hilary coaches clients and teams to utilize and present with compelling negotiation tactics.

Hilary Moore is a Senior Communications Expert with McKinsey. Her work focuses on effectively leveraging influence techniques across cultural barriers. Hilary coaches clients and teams to utilize and present with compelling negotiation tactics.

Juan Sarmiento

Procurement Expert

Juan Sarmiento is an Expert in Procurement and Product Development Practice based in Houston. Juan works with clients across industries on procurement topics including helping build negotiations strategies with incumbent suppliers.

Before joining McKinsey, Juan spent 14 years in Procurement at Dell and Motorola where he mostly focused on semiconductor categories including CPU and memory.

Juan Sarmiento is an Expert in Procurement and Product Development Practice based in Houston. Juan works with clients across industries on procurement topics including helping build negotiations strategies with incumbent suppliers.

Before joining McKinsey, Juan spent 14 years in Procurement at Dell and Motorola where he mostly focused on semiconductor categories including CPU and memory.

Joao Caetano Almeida

Procurement Expert

Joao is a Procurement Expert in the São Paulo Office with over 10+ years of consulting experience mostly focused in Procurement, particularly in logistics indirect goods and services categories in 10+ countries. Joao has trained 1000+ buyers in sourcing and negotiation across 20+ clients

Prior to McKinsey, Joao led over 30 negotiations across several categories (logistics, marketing, maintenance, services) for clients in Auto, Retail and manufacturing sectors across LATAM

Joao is a Procurement Expert in the São Paulo Office with over 10+ years of consulting experience mostly focused in Procurement, particularly in logistics indirect goods and services categories in 10+ countries. Joao has trained 1000+ buyers in sourcing and negotiation across 20+ clients

Prior to McKinsey, Joao led over 30 negotiations across several categories (logistics, marketing, maintenance, services) for clients in Auto, Retail and manufacturing sectors across LATAM

Nehal Desai

Procurement Expert, Americas

Nehal Desai is a procurement and negotiation expert based out of Raleigh, NC. Nehal utilizes 21+ years of industry, and McKinsey combined experience to help clients deliver maximized impact during procurement transformation. She brings cross industry best practices to provide coaching and capability building to drive sustainable changes with a specific focus on negotiation and other core procurement topics.

Nehal Desai is a procurement and negotiation expert based out of Raleigh, NC. Nehal utilizes 21+ years of industry, and McKinsey combined experience to help clients deliver maximized impact during procurement transformation. She brings cross industry best practices to provide coaching and capability building to drive sustainable changes with a specific focus on negotiation and other core procurement topics.

Ricardo Rugamas

Sr Procurement Expert, Americas

Ricardo Rugamas is a negotiations Senior expert based out of Southern California. He supports large procurement transformations across industries and has led over 60 negotiation best practice workshops for 2000+ clients around the world.

Prior to joining McKinsey, he served as a lead negotiator for Target’s Electronics, Entertainment, Toys & Sporting Goods divisions where he led 50+ supplier negotiations across different categories.

Ricardo Rugamas is a negotiations Senior expert based out of Southern California. He supports large procurement transformations across industries and has led over 60 negotiation best practice workshops for 2000+ clients around the world.

Prior to joining McKinsey, he served as a lead negotiator for Target’s Electronics, Entertainment, Toys & Sporting Goods divisions where he led 50+ supplier negotiations across different categories.

Vikas Prasoon

Senior Procurement Expert, Asia

Vikas is a Senior Expert in McKinsey’s Product Development and Procurement practice, with deep expertise in sectors such as advanced industries, Pharma and Consumer. He leads digital development in negotiations in Asia region and has led several Procurement transformations. He is passionate about building client capabilities and has designed and delivered several capability building programs.

Vikas is a Senior Expert in McKinsey’s Product Development and Procurement practice, with deep expertise in sectors such as advanced industries, Pharma and Consumer. He leads digital development in negotiations in Asia region and has led several Procurement transformations. He is passionate about building client capabilities and has designed and delivered several capability building programs.

Carolina Mazuera

Associate Partner, Americas

Carolina is an Associate Partner in McKinsey’s Product Development and Procurement practice and co-leads the Supplier Collaboration service line. She brings with her 10+ years of procurement expertise serving global clients in end-to-end transformations. As a part of her work in leading Supplier Collaboration service line, she partnered with Michigan State University to develop the Supplier Collaboration Index study, focused in measuring the state of maturity of collaboration across key dimensions. Prior to joining McKinsey, Carolina worked 10 years for a financial holding as SVP for Business Development, covering various industries including Financial Services and Hospitality.

Carolina is an Associate Partner in McKinsey’s Product Development and Procurement practice and co-leads the Supplier Collaboration service line. She brings with her 10+ years of procurement expertise serving global clients in end-to-end transformations. As a part of her work in leading Supplier Collaboration service line, she partnered with Michigan State University to develop the Supplier Collaboration Index study, focused in measuring the state of maturity of collaboration across key dimensions. Prior to joining McKinsey, Carolina worked 10 years for a financial holding as SVP for Business Development, covering various industries including Financial Services and Hospitality.

J.C Fisher

Procurement Expert, Americas

J.C. is an associate based out of McKinsey’s Dallas office with a focus on procurement and negotiations. Prior to joining McKinsey, he worked in Major League Baseball’s Labor Relations Department and worked as a teaching assistant for Stanford Law School’s Gould Center for Conflict Resolution while earning his JD/MBA there.

J.C. is an associate based out of McKinsey’s Dallas office with a focus on procurement and negotiations. Prior to joining McKinsey, he worked in Major League Baseball’s Labor Relations Department and worked as a teaching assistant for Stanford Law School’s Gould Center for Conflict Resolution while earning his JD/MBA there.

Sean Adgate

Procurement Expert, Americas

Sean is a procurement expert with deep expertise in IT / Technology sourcing. He has led several IT /Technology based negotiations for our firm and has successfully coached several of our clients in achieving greater value in IT/ Technology categories.

Sean is a procurement expert with deep expertise in IT / Technology sourcing. He has led several IT /Technology based negotiations for our firm and has successfully coached several of our clients in achieving greater value in IT/ Technology categories.

Chhavi Adtani

Partner, Americas

Chhavi is an Partner focused on Core Technology and Operations transformations and Procurement excellence in the financial services space. He co-leads McKinsey’s core technology transformation service line for banking and supports McKinsey’s supplier collaboration academy. He has led several end to end digital transformations for Banks, Telecom and Airline companies.

Chhavi is an Partner focused on Core Technology and Operations transformations and Procurement excellence in the financial services space. He co-leads McKinsey’s core technology transformation service line for banking and supports McKinsey’s supplier collaboration academy. He has led several end to end digital transformations for Banks, Telecom and Airline companies.

Lina Romero

Procurement Expert, Americas

Lina is a Procurement Expert with deep expertise across sectors such as advanced industries, Healthcare and Oil & Gas. She has coached several clients globally in negotiations and procurement overall and leads client capability building programs.

Lina is a Procurement Expert with deep expertise across sectors such as advanced industries, Healthcare and Oil & Gas. She has coached several clients globally in negotiations and procurement overall and leads client capability building programs.

Ryan Samuels

Associate Partner in operations / procurement practice Americas

Ryan is a part of the Product development and Procurement (PDP) practice and is based out of Dallas. His procurement areas of expertise are category management, advanced sourcing (e.g., eRfx), Next-generation procurement operating model, clean-sheet based negotiations, indirect spend management, supplier collaboration, performance management. He brings 8+ year of industry expertise, focusing on strategic category management and supplier negotiations.

Ryan is a part of the Product development and Procurement (PDP) practice and is based out of Dallas. His procurement areas of expertise are category management, advanced sourcing (e.g., eRfx), Next-generation procurement operating model, clean-sheet based negotiations, indirect spend management, supplier collaboration, performance management. He brings 8+ year of industry expertise, focusing on strategic category management and supplier negotiations.

Casper Bek

Procurement Expert, Americas

Casper Bek is part of McKinsey’s Operations practice, leading clients through transformation programs within their supply chains. Over the last 5 years, Casper has supported clients in the global energy, materials, and advanced industries across North America and Asia. Casper is a facilitator for McKinsey’s client capability building programs in Procurement. Before joining McKinsey, Casper spent 5+ years in Procurement strategy and Operations at Maersk Group where he led efforts in newbuild CAPEX procurement, TCO-based sourcing, and organizational transformations.

Casper Bek is part of McKinsey’s Operations practice, leading clients through transformation programs within their supply chains. Over the last 5 years, Casper has supported clients in the global energy, materials, and advanced industries across North America and Asia. Casper is a facilitator for McKinsey’s client capability building programs in Procurement. Before joining McKinsey, Casper spent 5+ years in Procurement strategy and Operations at Maersk Group where he led efforts in newbuild CAPEX procurement, TCO-based sourcing, and organizational transformations.

Abhilasha Upadhyay

Procurement Expert, India

Abhilasha is an expert in McKinsey's Operations practice based in India, with 11 years of corporate experience. She is located in the Gurgaon office and leads India's procurement hub, consisting of experienced professionals from different sectors specialized in procurement. Abhilasha specializes in topics such as technology and telco procurement, negotiations, and indirect procurement. She is also the founder of a unique solution called Negotiation Factory, which helps buyers negotiate at scale.

Abhilasha is an expert in McKinsey's Operations practice based in India, with 11 years of corporate experience. She is located in the Gurgaon office and leads India's procurement hub, consisting of experienced professionals from different sectors specialized in procurement. Abhilasha specializes in topics such as technology and telco procurement, negotiations, and indirect procurement. She is also the founder of a unique solution called Negotiation Factory, which helps buyers negotiate at scale.

Arun Goyal

Procurement Expert, India

Arun is an expert in McKinsey's Operations practice based out of India. He specializes in digital procurement, negotiations, and indirect procurement, and supports procurement transformations across industries. Arun is leading the development of a unique solution called Negotiation Factory, which helps buyers negotiate at scale.

Arun is an expert in McKinsey's Operations practice based out of India. He specializes in digital procurement, negotiations, and indirect procurement, and supports procurement transformations across industries. Arun is leading the development of a unique solution called Negotiation Factory, which helps buyers negotiate at scale.