Procurement - Spend Analysis

Overview

Purpose:

Procurement is referred to as the low-hanging fruit, due to its direct impact on a company’s bottom line. Money saved in the procurement process improves both cash flow and margin. The purpose of the Spend Analysis course is to provide the skills that help keep track of the purchasing spend, by vendor, material categories and other criteria so as to optimise procurement costs, enhance vendor performance and reduce risks.

Scope:

In this course, you will learn how a properly designed Spend Analysis can help identify areas of improvement in the buying process, secure the supply of critical materials, leverage volume buying, limit maverick spending and monitor the implementation of procurement policies.

Benefits

Upon completion of the Spend Analysis training, students will be able to apply the related principles to map the procurement spend, identify opportunities for improvement and implement or recommend solutions.

Features

Below are some of the main features of this course:

• Online delivery
• Flexible schedule
• Affordable cost
• Relevant content

Target Audience

The Spend Analysis course is intended for supply chain professionals, especially those dealing with procurement and sourcing.

Course Content

The Procurement - Spend Analysis course has been developed following the ADDIE methodology of curriculum development. BRASI’s Programme Advisory Group (BRASI PAG) is responsible for the development, assessment, and continuous improvement of BRASI’s training programmes, following the guidelines contained in the standard ASTM E-2659.

The Spend Analysis course provides fundamental knowledge in the key areas of spend analysis, including the following:

• Understanding the process of spend analysis
• Understanding the importance of spend analysis
• Familiarising oneself with various reports used in spend analysis
• Gaining knowledge of spend analysis examples
• Understanding the benefits of spend analysis
• Differentiating between direct and indirect procurement spend
• Learning how to perform spend analysis using Business Intelligence (BI) tools
• Understanding the Key Performance Indicators (KPIs) and metrics used in spend analysis
• Understanding the steps in spend analysis
• Familiarising oneself with inventory management strategies
• Explaining the software used in spend analysis

Schedule

Procurement - Spend Analysis is a self-paced online training course and can be started at any time.

Delivery Mode

Students would gain 24/7 online access to self-paced learning modules and tests through the BRASI Learning Management System.

Learning Resources:

• Online interactive training modules
• Downloadable content
• Print-ready handbooks
• Examples, exercise files and a quiz for each module

Note: Live Q&A sessions are held to answer any specific questions and explain key concepts as needed. Participation in the Q&A sessions is optional and is not taken into account for the passing score.

Additional Info

Assessment

Students would be required to take a final assessment after completing the course review.

Certification

In order to receive the certificate for this course students must obtain a minimum score of 70% in the final assessment. Certificates for all of the BRASI courses are issued centrally by BRASI and are downloadable.

Each BRASI certificate carries a unique ID for verification, and is valid for life.

Note: A Spend Analysis certificate holder has a deep understanding of the criteria for classifying purchasing spend and can apply the related principles to leverage the purchase volumes to gain efficiencies and reduce risk.

Registration

Step 1: Students are required to create a free user account on the BRASI web site (no payment information is needed to create the account).

Step 2: Select the course(s) you would like to sign up for from the courses page (you can get more details about each course from this page)

Step 3: Proceed to checkout and be sure to enter the CTS College discount code BRASI-CTS to get 10% off (acceptable modes of payment include major credit cards and PayPal)

Note: The course is designed to be completed within three months. However, extensions are allowed upon request.

Fees & Payment

The course fee is posted on the BRASI website and is subject to change without notice. Cancellation is allowed within three days from the date of access to the course. Full refund is made within one week of cancellation.

Registration for BRASI courses can be done directly on the BRASI website. Training is conducted utilising BRASI online learning management system, and the certificate is issued by BRASI.

Coupon Code

Use this code to get 10% off: BRASI-CTS

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Student Support

Please contact Brasi if you require any further information or support.