Objectives and Intended Outcomes
Upon successful completion of this course participants will be able to:
- Define spend analysis and spend management and differentiate between the two
- Explain the benefits of spend management
- Describe the spend analysis process
Finance, procurement and supply chain professionals looking for ways to become more effective and efficient by improving their inventory management methodologies. Warehouse managers and warehouse employees.
This is a self-paced, online mini-course designed for anyone concerned with procurement transformation, particularly achieving strategic cost savings. Every agency has the raw data available to conduct a spend analysis but not necessarily the time, resources, or expertise necessary to carry out the data manipulation required. This course will describe the purpose of a spend analysis, the process an organization would go through to conduct a spend analysis and the benefits of a spend management program that the analysis enables.