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4.9 ★★★★★ 250+ reviews
Spend Analysis
Course
- In-depth Analysis: Uncover potential savings
- Spend Categorization: Master essential techniques
- Flexible Learning: Complete the course in 8-16 hours
1. Data-Driven Decisions
Learn to gather and analyze 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
100% Money-Back Guarantee
Receive a 100% refund if you’re not satisfied within 60 days
Self-Paced Learning
Study when it fits your schedule, with 8-16 hours of content
Certificate Course
Complete the course to receive your official certificate
WHAT YOU WILL 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
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:
- Data Collection and Preparation
- Defining Taxonomy & Categorizing Spend
- Best Practices in Categorization
- 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:
- 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
Download the syllabus to learn all about this course.
16 Video Lessons
Assignments + templates + coaching
Self-Paced Learning
8-16 hours study time
12 Months
Unlimited access
Rating
★★★★★ 4.9
100% Money-Back Guarantee
Try it for 60-days risk-free
WHAT’S INCLUDED
Download the course syllabus
Free PDF
Including all course information
Free Preview
Of a video lesson
LESSON PREVIEW
Best Practices in Spend Categorization
PRICING
Select your plan
MOST POPULAR
Single Course
1 Certificate Course
$875
✔ 12 months access
✔ Certificate after completion
✔ 60-day money-back guarantee
Access To All
All study material worth $20,701
$1,625
✔ 12 months access
✔ Certificate after completion
✔ 60-day money-back guarantee
✔ ChatGPT community
✔ 17 certificate courses
✔ Access to future courses
✔ 54 templates
✔ Community & live events
✔ Personal coaching
Team
For Procurement Teams
$3,250 – $40,625
✔ 12 months access
✔ Certificate after completion
✔ 60-day money-back guarantee
✔ ChatGPT community
✔ 17 certificate courses
✔ Access to future courses
✔ 54 templates
✔ Community & live events
✔ Personal coaching
✔ Personalized learning journey
✔ Skills assessment
✔ Team workshop
✔ Learning consultant
- (€) EUR
- (£) GBP
- (₹) INR
What Procurement Tactics members get
Your (Access To All) membership with Procurement Tactics includes access to everything you need
to grow your career and boost your job performance.
Worldwide Community
Expand your horizon with new perspectives, thought-provoking discussions, and best practices from peers around the world.
Procurement Template Library
Never start from scratch by accessing powerful
off-the-shelf templates for your job.
Live Events
Stay up-to-date with the latest procurement trends and innovations by joining regular live events.
Bite-Sized Learning Library
Learn more in less time with bite-sized knowledge for busy minds. Get comfortable with a new topic in just 10 minutes.
Career Center
Redefine your career trajectory and fast-track your personal growth with powerful career mapping and feedback tools.
Learning Coach
Learning coaches act as your personal learning rocket fuel by providing the support and accountability you need to progress.
Professional Study Platform
Self-paced learning whenever you want, on your computer or your phone.
Staying up-to-date
Members receive regular updates trends we’re seeing in the world of procurement.
Industry Recognized Certificate
After completing your course you’ll receive an official certificate
Procurement training for teams
We offer personalized coaching and synchronized sessions to procurement teams
Procurement education has a clear 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
Enroll with your team, schedule a demo
In a 30-minute call, we’ll show you our study platform and give you a custom team license. We’re trusted by 1000+ procurement teams.
Schedule a demo
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.
Frequently Asked Questions
We have put together some frequently asked questions
Will I get a certificate?
+ other popular questions
What is Procurement Tactics?
+ our mission and vision
How do the courses work?
+ turning theory into practice
What is the price?
There are 2 options:
- Buy single-course access for $875
- Buy access to all courses for $1625
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:
- You’ll receive an email with an invoice
- You’ll receive a second email with the invitation to our study environment
- You’ll receive a third email from your instructor to schedule your kickoff session
- Once you completed all of the lessons, you’ll receive your certificate
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Risk Management in Procurement Course
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Course Duration
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Access to All Courses
With our Access To All license, you get everything you need to future-proof your career, including unlimited access to all certificate courses, and all future releases.
Unlimited Access
200+ hours of courses
Unlock your procurement potential
Dive deep into procurement mastery with our comprehensive curriculum
