Spend Analytics for Procurement Intelligence

It is the era of big data and analytics. A lot of companies are digitalizing their businesses and operations to capture data and process these to come up with new and better business models, make better business decisions, launch new products and services faster and/or to improve their operations. One functional area that is inherently rich with data though messy and disparate is the procurement or purchasing division of an organization. But when a company is able to extract, standardize and integrate its spend data with other related procurement transactional and supplier profiling data, a rich treasure trove of opportunities opens up right in front of it. These opportunities come in various forms such as:

• Savings in procurement cost
• Better and more strategic supplier relationship management
• Mitigate spending risk and maverick purchases
• Established spend data visibility across categories and across the organization
• Leverage on cross division or business units spending
• Achieve procurement process efficiencies

This 1-day seminar will impart the working fundamentals of procurement analytics thru spend analysis. It will teach the steps, types and tools of spend analytics. It tackles how a spend analytics program can be deployed and sustained in an organization. It will familiarize participants on how to do a visual spend analytics, generate insights and carry out a data-driven and forward looking procurement business decision.

Early Bird Fee (register/reserve on or before Oct 21, 2018) : Php 3,800 (VAT Inc.)

Contact for Questions, Queries or Reservation: [email protected]

Topics:
1. The ‘Whats’ & ‘Whys’ of Spend Analytics
2. Business Case for Spend Analytics 
3. The ‘How’ of Spend Analytics

             3.1 Date Definition and Loading

             3.2 Data Enrichment

             3.3 Spend Analysis

             3.4 Insight Generation & Decision Making

4. Types & Tools of Spend Analysis

5. Impediments to Spend Analytics

6. Implementing Successful Spend Analytics

Training Venue:  Technopoly Learning Hub Unit 2901 One San Miguel Bldg. 1 San Miguel Ave cor Shaw Blvd. Pasig City

Contact for Questions, Queries or Reservation: [email protected]

Participants will be required to bring laptops.

Early Bird Fee (register/reserve on or before Oct 21, 2018) : Php 3,800 (VAT Inc.)