The British Academy for Training and Development offers this training program in "Data-Driven Procurement: Analytics and Performance Measurement", designed to equip procurement professionals, supply chain managers, and analysts with the skills to leverage data for strategic procurement decisions.

The program emphasizes analytics, performance measurement, and evidence-based decision-making to improve procurement efficiency, reduce costs, and enhance supplier performance. Participants will learn to analyze procurement data, measure performance metrics, and implement data-driven strategies for continuous improvement.

Who Should Attend?

• Procurement and supply chain professionals seeking to enhance analytical skills.

• Managers responsible for supplier performance and procurement outcomes.

• Analysts focused on data-driven decision-making in procurement.

• Professionals involved in strategic sourcing and vendor management.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Understand the role of data analytics in modern procurement.

• Learn to collect, analyze, and interpret procurement data effectively.

• Develop key performance indicators (KPIs) for procurement.

• Apply data-driven strategies to optimize supplier performance.

• Improve decision-making and efficiency in procurement operations.

• Introduction to Data-Driven Procurement

  • Overview of procurement processes and challenges.

  • Importance of data in modern procurement.

  • Identifying opportunities for analytics in procurement.

• Fundamentals of Procurement Analytics

  • Types of procurement data and sources.

  • Basic data analysis techniques and tools.

  • Interpreting data for actionable insights.

• Performance Measurement in Procurement

  • Defining procurement KPIs and benchmarks.

  • Evaluating supplier performance using data.

  • Linking performance metrics to organizational goals.

• Data Collection and Management

  • Methods for accurate and consistent data collection.

  • Data quality, cleaning, and validation techniques.

  • Managing procurement databases and tools effectively.

• Advanced Data Analysis Techniques

  • Trend analysis and predictive analytics in procurement.

  • Identifying patterns, anomalies, and risks.

  • Visualizing procurement data for decision-making.

• Cost Analysis and Optimization

  • Measuring total cost of ownership (TCO).

  • Analyzing cost drivers and procurement efficiency.

  • Strategies to reduce costs using data insights.

• Supplier Performance Analytics

  • Monitoring supplier reliability and compliance.

  • Assessing supplier risk and opportunities for improvement.

  • Benchmarking suppliers against industry standards.

• Data-Driven Decision-Making in Procurement

  • Integrating data insights into procurement strategy.

  • Prioritizing actions based on data evidence.

  • Scenario analysis and forecasting for procurement planning.

• Reporting and Communication of Procurement Data

  • Preparing dashboards and reports for stakeholders.

  • Presenting performance metrics clearly and effectively.

  • Using data visualization to enhance understanding.

• Best Practices in Data-Driven Procurement

  • Ensuring continuous improvement using analytics.

  • Maintaining data accuracy and integrity.

  • Aligning procurement processes with strategic goals.