Spend Analysis by EFFSO
Spend analysis is the process of collecting, cleansing, classifying, and analyzing expenditure data with the goal of reducing costs, improving efficiency, and monitoring compliance.
Basic level course. Approx: 10-15 minutes.
Are you ready to unlock the full potential of your procurement strategy? EFFSO, the leading procurement consultancy in the Nordics, is thrilled to introduce our comprehensive online course on Spend Analysis, exclusively available on the renowned procurement training platform, Learn How to Source.
Spend analysis is the process of collecting, cleansing, classifying, and analyzing expenditure data with the goal of reducing costs, improving efficiency, and monitoring compliance. It is a critical component of strategic procurement, offering insights that support negotiation strategies, supplier consolidation, and budgeting efforts.
In this course we:
define Spend Analyses,
explain the role of Spend Analyses in Category Management
describe the Spend Analyses Process.
Procurement professionals looking to enhance their Spend analysis skills
Buyers and supply chain managers seeking to make more informed procurement decisions.
This course is meticulously designed to empower procurement professionals, financial analysts, and business leaders with the knowledge and tools necessary to conduct effective spend analysis, enabling smarter, data-driven decision-making.
Introducing definition of Spend and Spend Analysis
Explaining the connection between Spend analysis and Category Management.
Introducing how to perform a Spend Analysis
EFFSO Quiz 6: Spend Analysis - have you got it?
Key takeaways from the course.
Reflections after the course
Blogposts
Next recommended step
€160,00
Sourcing by EFFSO and the most important purchasing terms
Get unbeatable procurement results! EFFSO’s extensive experience in procurement enables organizations to achieve concrete results. Regardless of the challenge!
EFFSO is a leading procurement consultancy in the Nordics, passionate about procurement excellence and change management. Since 2007, they've offered expert management consulting services in procurement, including spend analysis, potential assessment, category management, and more. EFFSO's experienced consultants manage everything from category projects to coordinating major transformations for procurement functions. They focus on developing procurement operations to achieve tangible results, enhancing the value of procurement in organizations. EFFSO also values nurturing procurement talent, offering great development opportunities and a friendly workplace.
For more information about the company, visit EFFSO's homepage.
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.