Market analysis
What is a market analysis? Why, how and when should a buyer do a market analysis. Questions answered in the course.
Basic level course. Approx: 25-30 minutes.
Welcome to our basic level course on Market Analyses for procurement professionals. This course is designed to answer fundamental questions about market analyses: What is it? Why is it important? When should a buyer conduct it? And most crucially, how is it executed effectively? As a key component in the procurement process, understanding and executing market analyses can significantly enhance your strategic decision-making and sourcing capabilities.
Defining Market Analysis: Gain a clear understanding of what a market analysis entails in the context of procurement.
Importance of Market Analysis: Learn why conducting a market analysis is critical for informed purchasing decisions.
Executing Market Analysis: Master the steps and methodologies involved in executing a thorough market analysis.
Applying Analysis Insights: Learn how to apply the insights gained from market analyses to your procurement strategies.
Procurement professionals looking to enhance their market research skills.
By joining this course, participants will acquire the knowledge and skills necessary to conduct effective market analyses, leading to more strategic and successful procurement decisions. You will be equipped to better understand market dynamics, anticipate trends, and identify opportunities and risks, making you a valuable asset to your procurement team.
Download the Slides shown in the course
Defining market analyses, the purpose of a market analyses and how do the process connect to other Procurement Processes.
The structure and content of a a market analyses.
Questions to help you verify that you meet the Learning Objectives.
What have we learned.
Reflection after the course
Next recommended step is the course Know Your Suppliers
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.