Procurement Analytics and Insights focuses on equipping participants with the analytical skills and insights necessary to optimize procurement processes within retail, trade, and logistics sectors. The course provides a hands-on approach where participants engage in real-world projects that enhance their ability to analyze procurement data, assess vendor performance, and drive strategic decision-making. Participants will learn to leverage analytical tools and methodologies to uncover actionable insights that can lead to cost savings and improved supplier relationships.
The curriculum is designed to foster a deep understanding of procurement analytics, emphasizing practical applications and data-driven strategies. By the end of the program, participants will have developed a comprehensive project that showcases their ability to apply learned concepts in a professional context. This project will not only enhance their portfolio but also provide an opportunity for publication in Cademix Magazine, further establishing their expertise in the field.
Syllabus:
Introduction to Procurement Analytics: Concepts and Importance
Data Collection Techniques for Procurement Analysis
Key Performance Indicators (KPIs) in Procurement
Vendor Evaluation and Selection Criteria
Cost Analysis and Total Cost of Ownership (TCO)
Risk Management in Procurement Processes
Advanced Analytical Tools and Software for Procurement
Case Studies: Successful Procurement Strategies
Developing Dashboards for Procurement Insights
Final Project: Conducting a Comprehensive Procurement Analysis