4.9 ★★★★★ 193 reviews

In-depth Analysis: Uncover potential savings

Spend Categorization: Master essential techniques and savings

Flexible Learning: Complete at your own pace in 16-24 hours

AI Spend Analysis Course

100% Money-Back Guarantee

Try the course for 60 days. You’ll get a 100% refund if you’re not satisfied

Self-Paced Learning

Adapt the course to fit your schedule, with 24-32 hours of content

Certificate Course

Complete the course to receive your industry-recognized certification

★★★★★

Trusted by more than
1000+ companies

Customers Procurement Tactics
Cultural course

WHAT’S INCLUDED

Download the free course syllabus

→ Free PDF with all course information
→ Free preview lesson

WHAT YOU WILL LEARN

Spend Analysis Course

Welcome to our Spend Analysis Course! Spend analysis is an important aspect of procurement as it helps you identify your spending patterns, spot ways to save money, and ensure your data is accurate and up-to-date. This leads to better budgeting and informed decision-making within your procurement department.

By the end of this course, you’ll know how to break down and understand your company’s spending habits.

You will create your own spend analysis and use the insights to save money, work more efficiently, and manage potential risks. Get ready to improve your procurement strategies and make a significant impact at your company!

    See all pricing options, and enroll today.

    WHY LEARN WITH US?

    16 Video Lessons

    Assignments + templates + coaching

    Self-Paced Learning

    16-24 hours study time

    12 Months

    Unlimited access

    Rating

    ★★★★★ 4.9/5

    100% Money-Back Guarantee

    Try it for 60-days risk-free

    Study objectives for this course

    Click on a topic to see the lessons per module

    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:

    1. Understanding Spend Analysis – Concepts and Importance
    2. Key Concepts and Terminology
    3. Tools and Software for Spend Analysis

    This module includes:

    • Extra reading material
    • 5 video lessons
    • Templates

    Download the syllabus to learn all about this course.

    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 categorizing your spend data to create clear visibility in your procurement processes.

    We’ll cover best practices in spend categorization 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 finalize your own spend analysis using the provided templates!

    What you will learn:

    1. Data Collection and Preparation
    2. Defining Taxonomy & Categorizing Spend
    3. Best Practices in Categorization
    4. Defining and Measuring KPIs

    This module includes:

    • Extra reading material
    • 6 video lessons
    • Templates

    Download the syllabus to learn all about this course.

    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:

    1. Driving Cost Reduction and Efficiency
    2. Mitigating Risk
    3. How to communicate your spend insights
    4. The future & Role of AI and Machine Learning

    This module includes:

    • Extra reading material
    • 6 video lessons

    Download the syllabus to learn all about this course.

    LESSON PREVIEW

    Best Practices in Spend Categorization

    Exclusive Preview: Watch an example lesson
    Get Started: Learn the importance of spending categories
    Real examples: How to work with different departments to collect better insights

    PRICING

    Select your membership

    MOST POPULAR

    Single Course

    1 Certificate Course

    $875

    ★★★★★

    12 months access
    60-day money-back guarantee
    Certificate after completion
    ChatGPT community
    14 certificate courses
    Access to future courses 
    42 templates
    Community & live events
    Personal coaching
    Personalized learning journey
    Skills assessment
    Team workshop
    Learning consultant

    Access To All

    All study material worth $16,912

    $1,625

    ★★★★★

    12 months access
    60-day money-back guarantee
    Certificate after completion
    ChatGPT community
    14 certificate courses
     Access to future courses 
    42 templates
    Community & live events
    Personal coaching
    Personalized learning journey
    Skills assessment
    Team workshop
    Learning consultant

    Team

    For Procurement Teams

    $3,250$32,500

    ★★★★★

    12 months access
    60-day money-back guarantee
    Certificate after completion
    ChatGPT community
    14 certificate courses
     Access to future courses 
    42 templates
    Community & live events
    Personal coaching
    Personalized learning journey
    Skills assessment
     Team workshop
    Learning consultant

    ($) USD (Default)
    • (€) EUR
    • (£) GBP
    • (₹) INR

    REVIEWS

    What others said about this course

    See an immediate ROI

    Companies that invest in procurement capabilities perform better:
    * According to research by McKinsey

    %

    as likely to have a higher EBIT margin

    %

    as likely to have a higher sales growth

    %

    as likely to have a higher EV/book value

    TRAIN YOUR TEAM

    Schedule a demo

    Course preview: See free preview lessons 
    Exclusive preview: Get a tour of our study platform
    Team license: Get a custom offer for your team

    About your instructor

    ✓ Spend Analysis Specialist: Deep, practical expertise in spend analysis gained through years of field application and strategic roles.

    ✓ Founded Analytics Company: Established a firm specializing in analytics for procurement efficiency

    ✓ Diverse Industry Experience: Held strategic procurement roles in Medical Devices, Pharmaceuticals, and Logistics.

    ✓ Strategic Team Development: Trained and developed procurement teams into strategic value drivers for their companies.

    Practical, hands-on & self-paced

    We give you the most practical, hands-on, and industry-relevant training. And we’re 100% online so that you can learn anywhere, anytime.

    Personal coach & practitioner community

    Contact your personal coach if you need any assistance or input and collaborate with procurement professionals from around the world.

    Advance your career and stay ahead

    Get ahead by learning the latest and most in-demand procurement skills from industry leaders. Essential for a flourishing career in procurement.

    Frequently Asked Questions

    We have put together some frequently asked questions

    What is the price?

    There are 2 options:

    1. Buy single-course access for $875
    2. Buy access to all courses for $1625

    Click here to select your option

    Why should I enroll?

    This course is designed for procurement professionals who want to improve their understanding of spending patterns and improve their budgeting and decision-making skills.

    It is ideal for those seeking to implement efficient procurement strategies and optimize cost savings within their procurement department as well as for those curious about new technologies and trends related to spend analysis.

    What is the refund policy?

    We pride ourselves on high-quality programs. That’s why we feel comfortable offering a 60-day money-back guarantee to ensure that you are 100% satisfied.

    If for any reason it’s not your thing, you can view the full guarantee and request a refund within 60 days after your enrollment date. This makes your enrollment 100% risk-free!

    Will I get an invoice?

    Yes. Upon completing your payment, the (pdf) invoice is automatically generated and sent to your inbox with the payment receipt.

    The pdf invoice is can be used to expense the enrollment fee with your employer.

    What happens after I pay ?

    Great question. Here’s what will happen after you complete your payment:

    1. You’ll receive an email with an invoice
    2. You’ll receive a second email with the invitation to our study environment
    3. You’ll receive a third email from your instructor to schedule your kickoff session
    4. Once you completed all of the lessons, you’ll receive your certificate

    Unlock your procurement potential

    Dive deep into procurement mastery with our comprehensive curriculum