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.



Curriculum

    1. Introducing Learning Objectives.

    2. Repetition

    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. Inject → Reflect → Apply → Next Step

About this course

  • Free
  • 9 lessons
  • Basic level - Procurement Management
  • 25 min
  • Quiz and Certificate

Instructor

Senior instructor. Fredrik Axelsson

Fredrik is an experienced procurement leader from Gothenburg with a Master’s in Economics and an Executive MBA. His career includes key roles at LM Ericsson, Solectron, Axelson Purchasing Resources, Saab, and Alstom/GE, giving him deep expertise across sourcing, procurement, and business development. In 2017, he founded Sourcing Partner, a consultancy that converted into Learn How to Source. His background ranges from operative buying to sourcing director roles in both line organizations and complex projects, covering industries from manufacturing to banking. Fredrik brings a track record of continuous learning and broad, hands-on experience—knowledge he now shares with the next generation of procurement professionals.

Digitization of Supplier onboarding process

Next recommend step

The course contain a introduction to digitized supplier onboarding, benefits / risks avoided and best practices.
To the course...

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.