Course Details

Procurement Analytics using Excel for Procurement Professionals Training Course

INTRODUCTION

Procurement analytics involves using data to improve decision-making, optimize supplier relationships, manage spending, and enhance procurement efficiency. In the modern procurement landscape, the ability to analyze and interpret procurement data is critical for driving cost savings, efficiency, and risk mitigation. Microsoft Excel remains one of the most accessible and powerful tools for procurement professionals to perform these analyses effectively.

This training course focuses on empowering procurement professionals to harness the full potential of Excel to manage procurement data, perform analysis, and generate insights that lead to better purchasing decisions. Participants will learn advanced Excel functions, data manipulation techniques, and key procurement performance metrics, enabling them to transform raw procurement data into actionable information.

 DURATION

5 days

TARGET AUDIENCE

This course is ideal for procurement professionals who want to enhance their data analysis skills using Excel. The target audience includes:

• Procurement Officers and Managers
• Procurement Analysts
• Supply Chain Managers
• Category Managers
• Contract Managers
• Finance Officers
• Business Analysts in Procurement
• Procurement Consultants
• Small Business Owners and Entrepreneurs

COURSE OBJECTIVES

By the end of the course, participants will be able to:

1. Understand the importance and role of procurement analytics in decision-making.
2. Use Excel to analyze procurement data effectively, including spend analysis, supplier performance, and contract management.
3. Develop customized dashboards and reports for tracking procurement KPIs.
4. Apply advanced Excel functions such as pivot tables, VLOOKUP, and macros to procurement tasks.
5. Create visualizations and charts to present procurement insights clearly and effectively.
6. Conduct spend analysis to identify cost-saving opportunities and improve procurement efficiency.
7. Use Excel to monitor supplier performance, track contract compliance, and manage procurement risks.
8. Implement forecasting and budgeting techniques for procurement planning.

 COURSE CONTENT

Module 1: Introduction to Procurement Analytics

• What is Procurement Analytics and Why It Matters
• The Role of Data in Procurement Decision-Making
• Key Metrics and KPIs in Procurement Analytics
• Introduction to Excel as an Analytical Tool

Module 2: Data Preparation and Cleaning in Excel

• Importing Procurement Data into Excel (CSV, Text, Excel Files)
• Data Cleaning Techniques: Removing Duplicates, Handling Missing Data
• Organizing Data for Analysis: Structuring, Sorting, and Filtering
• Using Excel Formulas for Data Cleansing

Module 3: Advanced Excel Functions for Procurement Analysis

• Using Pivot Tables for Data Summarization
• VLOOKUP, HLOOKUP, and INDEX-MATCH for Data Retrieval
• Data Aggregation and Grouping in Excel
• Applying Conditional Formatting to Highlight Key Procurement Metrics

Module 4: Spend Analysis in Excel

• Performing Spend Categorization and Supplier Segmentation
• Analyzing Spend by Supplier, Category, and Department
• Identifying Cost Savings Opportunities Using Pareto Analysis (80/20 Rule)
• Creating Spend Reports to Monitor Procurement Costs

Module 5: Supplier Performance and Risk Management Analysis

• Creating Supplier Scorecards in Excel
• Tracking On-Time Delivery, Quality, and Cost Performance Metrics
• Monitoring Supplier Compliance with Contracts and SLAs
• Using Excel for Supplier Risk Analysis and Mitigation

Module 6: Contract Management and Compliance Tracking

• Managing Procurement Contracts in Excel
• Monitoring Contract Expiry and Renewal Dates
• Analyzing Contract Spend and Compliance Levels
• Developing Dashboards to Track Contract Performance

Module 7: Forecasting and Budgeting for Procurement

• Using Excel for Demand Forecasting
• Procurement Budget Planning Using Historical Data
• Implementing What-If Analysis and Scenario Planning in Excel
• Creating Forecasting Models to Predict Future Procurement Needs

Module 8: Data Visualization and Reporting in Excel

• Creating Charts and Graphs for Procurement Data
• Developing Procurement Dashboards to Track KPIs
• Presenting Data Insights Effectively to Stakeholders
• Automating Reports with Excel Macros and VBA

 CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com