This interactive 90-minute online course examines key activities that procurement should be carrying out within a developed organization to ‘liberate’ savings. To create a sourcing strategy, the company needs to understand how it is spending its money, and look for savings. Spend analysis, based on spend categories, can lead to a detailed understanding of where the potential for savings may arise. Procurement can build up information based on categories of spend, such as “Professional Services”, “Transport and Logistics” or “Office Supplies” and this analysis can lead to a prioritized action plan. Where is the maximum savings potential? Where will savings be most easily realized?
- Identifying cost savings potential
- Spend analysis
- Category management
- Procurement Portfolio analysis
- Developing a Sourcing strategy
This online course is suitable for:
- Procurement Officers, analysts and managers.
- Contract Engineers and analysts.
- Quantity Surveyors
- Commercial advisers
- Procurement team members
- General managers
- Executives tasked with managing contracts.
- Contract Administrators
- Anyone who wishes to have a good understanding and involvement in purchasing activities.
Upon completion of this online course, you will have:
- Developed an understanding of what ‘savings’ means.
- Considered different approaches to spend categorization.
- Reviewed tools and techniques such as the ‘spend cube’ and procurement portfolio matrix.
- Examined examples of sourcing strategies.
£157.5 + VAT
Spaces limited to NINE (9) delegates per course. Book Now to avoid missing out!