Measure procurement performance on spend analysis and savings beyond savings claimed.
Spend Analysis and Identifying Strategic Saving Opportunities
Practical training in spend analysis and savings, grounded in real cases and applied to your own operation.
Course Overview
Single sourcing on spend analysis and savings looks efficient until the day it is not. Savings claimed on analysis and savings at signature are frequently lost during execution. It establishes a shared vocabulary for the practice within procurement and supply operations so that teams can disagree productively about it. The most reliable predictor of sound spend analysis and savings is whether anyone reviews it when nothing has gone wrong. The course leaves participants able to diagnose weaknesses in the procurement and supply operations discipline before they become incidents. Sessions alternate between guided analysis of analysis and savings and supervised application. Plans for spend analysis and savings often fail at the handover point between functions. It is designed for mixed groups, so that analysis and savings is examined from more than one functional angle. The programme closes with an action plan for this aspect of procurement and supply operations that each participant writes for their own organisation.
Expected Learning Outcomes
Adapt recognised practice on analysis and savings to local constraints without hollowing it out.
Build a register of the risks attaching to spend analysis and savings and keep it current.
Build a supplier performance regime covering analysis and savings with real consequences.
Build the approval and segregation controls preventing procurement fraud in spend analysis and savings.
Integrate analysis and savings with demand forecasting and production planning.
Translate policy on spend analysis and savings into procedures that hold up under day-to-day pressure.
Who Should Attend
Warehouse and stores managers operating spend analysis and savings.
Finance staff reviewing spend and working capital in analysis and savings.
Supply chain planners forecasting demand for spend analysis and savings.
Newly appointed managers taking on analysis and savings for the first time.
Supplier relationship managers developing partners in spend analysis and savings.
Specialists advising senior management on analysis and savings.
Course Modules
Spend analysis and savings: inventory policy and working capital
2 sessions · 8 pointsSession 1Making spend analysis and savings work when resources are constrained
- Set the stock count cycle for spend analysis and savings and act on discrepancies.
- Name a single owner for each element of analysis and savings.
- Map the physical flow of spend analysis and savings through receiving, storage and dispatch.
- Write the specification for analysis and savings so two suppliers would price it the same way.
Session 2Documentation and customs treatment for analysis and savings
- Calculate reorder point and safety stock for each item in spend analysis and savings.
- Establish what evidence demonstrates analysis and savings is under control.
- Rank the weaknesses in spend analysis and savings by consequence rather than by ease of fixing.
- Apply ethical and environmental criteria to supplier selection in analysis and savings.
Analysis and savings: controls, segregation and fraud prevention
2 sessions · 8 pointsSession 1Proving the savings claimed on analysis and savings were real
- Set the consequence for failing service levels on spend analysis and savings, and apply it.
- Identify single points of dependency in analysis and savings and reduce them.
- Arrange the handover of spend analysis and savings so capability survives staff changes.
- Agree the smallest change to analysis and savings that would be visibly useful.
Session 2Contract terms on analysis and savings that survive execution
- Agree the escalation route when supply of spend analysis and savings is disrupted.
- Decide what will be stopped to create capacity for analysis and savings.
- Check the delivery terms and customs classification applied to spend analysis and savings.
- Confirm traceability from supplier to point of use for analysis and savings.
Analysis and savings: specification, requirement and demand
2 sessions · 8 pointsSession 1The approval control on analysis and savings that prevents fraud
- Segment spend on spend analysis and savings by value and supply risk before choosing an approach.
- Assign responsibility for keeping documentation of analysis and savings current.
- Verify segregation between requisition, approval and receipt in spend analysis and savings.
- Set escalation thresholds for analysis and savings that work out of hours.
Session 2Releasing working capital trapped in spend analysis and savings
- Identify the data already collected that bears on spend analysis and savings.
- Assess supplier financial health for critical elements of analysis and savings.
- Define measurable service levels in the contract covering spend analysis and savings.
- Negotiate payment terms on analysis and savings without pushing suppliers into distress.
Analysis and savings: warehouse layout, flow and handling
2 sessions · 8 pointsSession 1Reviewing analysis and savings when nothing has gone wrong
- Review whether spend analysis and savings is aligned with the objectives of the supply function.
- Agree what will be standardised in analysis and savings and what will not.
- Check that records of spend analysis and savings answer the questions likely to be asked.
- Review the audit trail for the last three award decisions on analysis and savings.
Session 2The decisions in analysis and savings that cannot be delegated
- Record the rationale for each significant choice made about spend analysis and savings.
- Identify single-source dependencies in analysis and savings and cost the alternatives.
- Write down the assumptions underpinning the approach to spend analysis and savings.
- Set out the decisions in analysis and savings that require sign-off and by whom.
Choose the package that suits you
Silver Package
At least 3 people
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
We will contact you within one business day to confirm.