Spend Analysis (E-learning)
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Spend Chain Analysis Course
- In-depth Analysis: Uncover potential savings
- Spend Categorisation: Master essential techniques
- Flexible Learning: Complete the course in 8-16 hours
1. Data-Driven Decisions
Learn to gather and analyse spending data to uncover savings opportunities
2. Efficiency Boost
Master tools and techniques to streamline procurement processes
3. Risk Mitigation
Use spend analysis to identify and minimize financial risks in your procurement operations
Delivery Method
Online (E-learning)
What You'll Learn
Spend Analysis Course
- This course is designed for junior or beginner-level professionals, helping you identify spending patterns, spot ways to save money, and ensure your data is accurate and up-to-date.
- You’ll know how to break down and understand your company’s spending habits
1. Introduction to Spend Analysis & Data Management
In this module, you will gain an understanding of spend analysis and its role in procurement. We will start by defining spend analysis and explaining its importance. You’ll learn key concepts and terminology, such as spend taxonomy and the differences between direct and indirect spend.
We will also introduce you to various tools and software to enhance your spend analysis process. By the end of this module, you will be able to define spend analysis, recognize its benefits, understand how to organize procurement expenses, differentiate between direct and indirect spend, apply optimization strategies, and choose the right software for your needs.
What you will learn:
- Understanding Spend Analysis – Concepts and Importance
- Key Concepts and Terminology
- Tools and Software for Spend Analysis
This module includes:
- Extra reading material
- 5 video lessons
- Templates
2. Spend Analysis in Practice
In this module, you will learn the most important steps for collecting and preparing data, ensuring you know where to find your data and how to get it ready for analysis. We will guide you through categorising your spend data to create clear visibility in your procurement processes.
We’ll cover best practices in spend categorisation to ensure your approach is accurate and efficient. You’ll learn how to define and measure key performance indicators (KPIs) to effectively track and manage your spending. The module includes theoretical insights and the latest technology applications, supported by real-life examples and practical templates. Most importantly, in this module, you will also create and finalise your own spend analysis using the provided templates!
What you will learn:
- Data Collection and Preparation
- Defining Taxonomy & Categorising Spend
- Best Practices in Categorisation
- Defining and Measuring KPIs
This module includes:
- Extra reading material
- 6 video lessons
- Templates
3. Turning spend insights into actions
In this module, we will cover the techniques used to reduce costs and increase efficiency in your procurement processes such as Pareto analysis and Price Variance analysis. We will discuss different kinds of risks and how spend analysis can be used to assess and mitigate them.
This module also includes a lesson on how to effectively communicate your spend analysis insights by creating clear and impact reports for different audiences. Finally, the future trends in spend analysis will be discussed to inspire you to stay up-to-date with the newest trends and technologies in procurement.
What you will learn:
- Driving Cost Reduction and Efficiency
- Mitigating Risk
- How to communicate your spend insights
- The future & Role of AI and Machine Learning
This module includes:
- Extra reading material
- 6 video lessons
Visit the Procurement Tactics Website
Visit the Procurement Tactics website for detailed course pricing, more information or to book this course.
Related Content
Procurement Tactics educate procurement professionals to close better deals, secure supply and advance their career. The team at Procurement Tactics has over 20 years of experience in procurement and negotiations and trains procurement teams from small and large companies from all over the world.
For accredited courses a certificate will be sent directly to you from the appropriate awarding body.
For short health and safety courses a completion certificate is available at the end of the course. You can screenshot this or print it out to confirm completion of the training.
All you need to complete online courses is a computer, tablet or smartphone and an internet connection.
Connection quality is the responsibility of the delegate. If you need to download free video conferencing software please visit our video conferencing software page where you can download the software specified by the training provider.
E-learning and Online (Instructor-led) training is more flexible, efficient, and cost-effective.
Short online courses also help employers to demonstrate that they have fulfilled their legal duties to ensure their personnel have been adequately trained.
Once the courses have been completed, a confirmation of results can be saved or printed as evidence. This can then be kept on record as evidence of suitable training.
After you purchase this course you will be contacted by Procurement Tactics.
Envico Limited is an independent intermediary working with Procurement Tactics in an affiliate program. Envico is not accredited by or associated with Procurement Tactics or any other examination body or institution in any way. All courses promoted on this website are delivered by independent and established accredited or approved training providers.
What would you like to learn?
Flexible and tailored learning pathways for both students and businesses. Whether you prefer the convenience of e-learning, the interactive engagement of online (instructor-led) training, the structured approach of classroom training, or the practical skills validation of NVQ qualifications, we have something for everyone.
