Understanding the Procurement analyst role

A procurement analyst’s responsibility within a company is to support the operative, tactical and management roles with data and enable fact-based decisions. A strong analyst provide a high level of credibility to the procurement function.

The role must have a good understanding of  the key procurement processes, as Category management and Sourcing process, are essential.

Having a working technical knowledge of the goods or services being purchased is important for procurement analysts in order to facilitate the access to (for example) correct market price and connected cost break down ( including value and cost based pricing principles).

Preferable the Procurement analyst understand the market and connected driving forces which the company meet. 

Communication and presentation skills assure conversion of data to insights and decision support.

In this basic course you will get a general understanding of the Procurement analyst role.



Course content (25 minutes)

    1. Download the slides shown in the course

    2. The Responsibility of the Procurement analyst role

    1. "From data to ahaaaa!!"

    1. 7 pricing models

    1. Questions to help you verify that you meet the Learning Objectives.

    1. What have we learned.

    2. Reflection after the course

About this course

  • €20,00
  • 9 lessons
  • Basic level

Instructor

Senior instructor. Fredrik Axelsson

Meet Fredrik, a seasoned procurement professional from Gothenburg, Sweden, with a Master's in Economics from Gothenburg University and an Executive MBA from Stockholm Business School. With roles at LM Ericsson, Solectron Sweden AB, Axelson Purchasing Resources AB, Saab AB, and Alstom/GE, Fredrik has amassed expertise in sourcing and procurement. In 2017, he launched Sourcing Partner, a procurement consultancy firm how also own and manage Learn How to Source. Fredrik's diverse experience spans from Operative Buyer to Sourcing Director and roles like Commodity Manager and Business Development, in line organizations and projects, including industries like banking and manufacturing. Fredrik's story is one of continuous growth, learning, and adaptation, making him a well-rounded professional with a wealth of knowledge to offer.

Next step

  • €40,00

    Digitization of Supplier onboarding process

    The course contain a introduction to digitized supplier onboarding, benefits / risks avoided and best practices.
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About Learn How to Source

Learn How to Source is an online platform based in Sweden, offering a range of procurement courses accessible globally. It serves as a community where procurement experts share their knowledge through online courses, designed for various experience levels from introductory to expert. Courses are concise, about 30 minutes each, and cover different aspects of procurement, tailored for different buyer roles. The courses focus on practical knowledge, presented by seasoned professionals, and include quizzes and certificates. They can be accessed from any device, emphasizing microlearning for flexibility and efficiency.