Spend Wisely: The Strategic Use of Spend Analysis and Spend Management

Accredited Icon    Contact Hours 3CEUs Online 0.3
Key Online CEUs, Contact Hours, Accredited

NIGP is authorized by IACET to offer CEU Credits for this program. To learn more about IACET and CEU Credits, visit www.iacet.org.  

The instructor has no proprietary interest in the development or marketing of this seminar and no financial interest in NIGP.

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

Intended Audience

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.

Description

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.

Requirements of participants to receive CEU credits

  • Students must complete the course within 30 days
  • Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement
  • Learners will have three attempts at all graded assessments.
  • NIGP will not issue partial CEU credits

Take this course online
ONLINE COURSE

​Online, on demand
Course Demo

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