Advanced Spend Analysis and Strategic Portfolio Management

Objective: To equip participants with an in-depth understanding of supplier capabilities and industry dynamics, employing advanced tools like the KRALJIC matrix and Supplier Preferencing model, to deliver optimum total value results to the organization.

Content Covers:

Strategic Spend Analysis Mastery:

  • Leveraging supplier capabilities to meet organizational needs and deliver optimum total value.

  • Developing an intricate understanding of suppliers’ business strategies, assessing long-term fit, and identifying potential risks and opportunities.

  • Establishing and nurturing productive contacts with suppliers that yield information and timely solutions to problems, understanding the supplier’s culture.

  • Sharing knowledge of suppliers across Procurement and the business, using knowledge of supplier’s operations to improve forecasts and cost control.

Comprehensive SWOT Analysis:

  • Analyzing fundamental issues including competitive advantages, organizational capabilities, and significant areas of experience or expertise.

  • Identifying and minimizing organizational weaknesses and gaps in capabilities.

  • Conducting in-depth opportunities analysis, focusing on market developments, competitor vulnerabilities, global influences, technological advances, and potential partnerships.

  • Preparing thorough threats analysis to identify and mitigate potential threats including legislative, environmental, competitor intentions, market demand, technologies, and economic issues.

Outcome: Participants will develop advanced skills in spend analysis, enabling them to leverage supplier capabilities, optimize value, conduct comprehensive SWOT analyses, and enhance strategic portfolio management.

Keywords:

Spend Analysis, Strategic Portfolio Management, Supplier Preferencing Model, KRALJIC Matrix, Supplier Capabilities, Optimum Total Value, SWOT Analysis, Competitive Advantages, Organizational Capabilities, Market Developments, Risk Mitigation

This advanced module provides professionals with cutting-edge skills and knowledge in spend analysis and strategic portfolio management, focusing on leveraging supplier capabilities, assessing long-term fit, identifying risks and opportunities, and conducting comprehensive SWOT analyses to optimize organizational value and mitigate potential threats effectively.