Advanced Certificate in Strategic Sourcing Module 4: Finance and Data Analytics for Procurement (Synchronous E-Learning)

Traditional procurement planning practices display a strong short- to medium-term orientation. To be prepared for the future, procurement professionals have to think “out-of-the-box” and select forecasting tools with the most extensive field of vision. It is the only way to provide comprehensive procurement transformation with the best possible support across its entire breadth and depth. To this end, the roles of finance and analytics are key. Finance has an incredibly important role in procurement and it is important to understand the value it offers. Analytics, on the other hand, helps tie together both internal and external data sources, thus providing information anytime and anywhere about supplier markets. This module discusses how finance and analytics can help drive decisive insights for procurement and enable organisations to unlock its real value.

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