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 procurement training platform, Learn How to Source. This course is designed to introduce procurement professionals, financial analysts, and business leaders with the knowledge and tools necessary to conduct effective spend analysis, enabling smarter, data-driven decision-making.
Content…
In the course “Spend analysis with EFFSO” we explain the concept, the role in Category Management and the process steps required.
What is Spend Analysis?
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.
Visit EFFSO course about Spend Analysis. This course is ideal for procurement professionals looking to deepen their understanding of spend analysis, financial analysts tasked with managing budgets and identifying cost-saving opportunities and business leaders seeking to drive efficiency and strategic value from their procurement functions. Learning Objectives of the course is to:
- Define Spend Analyses,
- Explain the role of Spend Analysis in Category Management
- Describe the Spend Analysis Process.
EFFSO’s preferred tool is Spendancy.
Spendency, a tool sold by EFFSO, is suitable for everyone and is now used by companies and organisations within vastly divergent sectors. The reason for performing spend analysis is shared by everyone who wants to work proactively on purchasing. The method for structuring and visualising your costs is the same no matter where you are.
As Spendency is a cloud service, you do not need to install anything. It requires no integration, so it is not a major IT project. This has many advantages over time. Above all, it makes your day-to-day operations easier. The tools are the very best, and you always work with the latest version. You do not need to worry about upgrades or servers, and the system will always be accessible, wherever you are. You take data from your ERP system in accordance with instructions supplied by us. With a single login, you can access the tool immediately and from any PC, tablet or mobile phone.
Spendency is very easy to use and requires no training.
Using Spendency means you will always have a factual basis for strategic purchasing work. You can see and measure the effects in neutral amounts from your own data, and it is easy to share your insights with other stakeholders in your organisation. Demonstrating the tangible value that procurement provides has never been easier.
Spendency creates cost transparency, uncovers potential savings and optimises cash management in purchasing and finance organisations. The insights gained lead to savings while increasing the efficiency of procurement processes. The AI used works like your co-pilot and builds on an ensemble of AI technologies: Natural Language Processing, Collaborative Filtering and Deep Learning.
Today, more than 100 customers and over 2,000 users from over 30 countries across all industries, with a total spend of more than €400 billion, trust in Spendency.
Sourcing by EFFSO
Dive into the Complete EFFSO Course Collection. Enhance your understanding of essential procurement principles. Our extensive courses encompass a variety of fundamental procurement topics, from category management to global sourcing. Let EFFSO be your guide through each course.
- The purchasing role
- Spend Analysis
- Category Management
- Conducting RFQs
- Supplier Development
- Sourcing KPI
- Global Sourcing
- Value Management
Best of all, this courses are designed with busy professionals in mind. You can complete it at your own pace, on your own schedule, and from anywhere in the world. Plus, our user-friendly platform makes it easy to track your progress and stay on top of your coursework.
Investing in your professional development is a smart choice, and our “Sourcing by EFSSO” bundle of courses is an excellent way to do it. Whether you’re a procurement professional looking to sharpen your skills or a business owner seeking to optimize your sourcing strategy, these courses are the key to success. Enroll today and take the first step towards mastering the art of sourcing.
About EFFSO
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. Visit EFFSO.
About Learn How to Source
Learn How to Source (LHTS) 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 includes quizzes and certificates. They can be accessed from any device, emphasizing microlearning for flexibility and efficiency.
Note: Illustration of “Improve your spend analysis with EFFSO” is EFFSO logo.