Improving procurement efficiency through purchasing analytics (2 days)

This two-day, company-specific workshop is the second in a series of two workshops. This workshop builds on the first workshop, which builds an analytics tool, and focuses on refining and utilizing purchasing data.

What will you know after training?

• After the workshop, you will understand the content of the information and value processes of purchasing analytics
• You know how to maintain a purchasing analytics tool in your own organization
• You can use rules to group events into value-generating entities and use them to identify areas for development in procurement.
• You produce the first version of the development plan

Who is the workshop intended for?

• The workshop is intended for everyone who works in purchasing and procurement development, management or managerial positions, as well as for all experts responsible for procurement development.
• Participation in the workshop is a prerequisite for participating in the purchasing analytics tool building workshop.

What parts are there in the workshop?

• As a preliminary task for the workshop, participants
  • familiarize themselves with purchasing analytics material (reading assignment)
• The process and concepts of purchasing analytics describe the information and value processes and the key concepts of the Spendata tool.
• The Information Process section focuses on adding new information, deleting information, and replacing information with new information.
• The focus of the value process is on grouping purchasing data to better identify development targets.
• The action plan section describes, identifies and prioritizes the identified development targets.

The workshop can utilize the online learning environment and data bank.

Why is it worth attending the workshop?

• You will deepen your knowledge of the purchasing analytics process and concepts
• You recognize the content of information and value processes and know how to utilize the Spendata tool in operational purchasing analyses
• You identify, prioritize and document development targets based on information generated by purchasing analytics.
• You describe the identified development targets as an action plan

BEFORE TRAINING

• Agree on the workshop objectives and structure
• Pre-assignment instructions

TRAINING

Opening of training

• objectives, program, introduction, rules of the game

Part 1: Purchasing Analytics Process and Concepts

Basic processes of purchasing analytics

• information process: maintenance and development of purchasing information
• Value process: utilizing purchasing information

Key concepts of Spendata

• creating rules using mapping and familying functions
• understanding rules and checkpoints
• hierarchies and views
• viewing views with grouping function

PART 2: Information process

Updating information

• adding information
• deletion of information
• information replacement

Part 3: Value Process

Grouping of purchase transactions

• Principles of grouping
• Grouping purchase transactions into appropriate groups and views based on supplier, account, and cost center information (most commonly a category structure)
• Describing the category structure and categorizing purchase transactions

Defining standard reports

Part 4: Action Plan

Building an action plan

• Identifying and segmenting efficiency opportunities
• Development of an action plan
• Collaboration with stakeholders

Ending education

• achieving set goals - discussion
• the following measures

AFTER TRAINING

• training feedback survey

• A workshop tailored to the team and client. The objectives, content, structure and duration are agreed upon before the workshop. The workshop may include preliminary, intermediate and final tasks as agreed, as well as training material.
• Participants will adopt a trial or regular version of the Spendata analytics tool before the workshop.
• Duration 2 days, can be implemented in 1-4 parts as a local, multi-modal or remote workshop.
• Number of participants: group size maximum 5
• The workshop will be invoiced in one installment approximately two weeks before it begins and it is possible to cancel it free of charge 14 days before the start of the training.
• The price includes 24% VAT. The customer is responsible for travel, accommodation and other practical arrangements and their costs. Depending on the location of the training venue, travel costs may be charged.
• We will contact you within 24 hours of your order.