Purchasing and Procurement Analyses for Business Performance

INTRODUCTION

Procurement Analytics is the activity of extracting actionable insights from a massive pool of procurement data using quantitative and analytical methodologies in order to maximize value and improve operations and business performance.

Procurement analytics is carried out by aggregating procurement data from many sources, categorizing it according to standard or user-defined parameters, and presenting it in an understandable visual style to decision-makers.

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Understand the significance of analytics in the procurement process.
• Learn about the procurement problems and how analytics may help you make better decisions.
• Examine several procurement analytics tools and methodologies.
• Create cost models to evaluate supplier price competitiveness.
• Learn about the various statistical approaches used in procurement analytics.
• Analyzing procurement data can help you understand the notion of programme management.
• Supervise the creation of appropriate procurement projects to provide an efficient decision-making process.

 WHO SHOULD ATTEND THIS COURSE?

• Project Managers
• Operations Managers
• Procurement and logistics professionals
• Supply chain manager
• Management Representatives
• Procurement Professionals
• Logistic Professionals
• Warehouse & Stores Managers
• Purchasing Professionals
• Supply Chain Professionals
• Anyone who is seeking improvement in skills for enhanced performance and career development

TARGETED SKILLS

• Planning logistics
• Logistics work processes
• Inventory management
• Assessment and planning of requirements
• Forecasting demand
• Logistics management
• SCM
• Supplier and buyer relationship
• Procurement analysis
• Business performance