Purchasing & Procurement Analyses for Management Consultants

Purchasing & Procurement Analyses for Management Consultants, available at $74.99, has an average rating of 4.55, with 116 lectures, based on 263 reviews, and has 2209 subscribers.

You will learn about How to conduct fast and efficiently analyses in Excel devoted to Purchasing How to find ways to cut costs in Purchasing & Procurement How to identify potential ways to improve your liquidity, especially quick wins n Purchasing & Procurement Analyze investments in Capex Conduct Make-or-buy analysis This course is ideal for individuals who are Management Consultants and Business Analysts or Managers working in the Supply Chain or Analysts in the Supply Chain or Purchasing Department or Financial Controllers or Financial Controllers or Financial Controllers It is particularly useful for Management Consultants and Business Analysts or Managers working in the Supply Chain or Analysts in the Supply Chain or Purchasing Department or Financial Controllers or Financial Controllers or Financial Controllers.

Enroll now: Purchasing & Procurement Analyses for Management Consultants

Summary

Title: Purchasing & Procurement Analyses for Management Consultants

Price: $74.99

Average Rating: 4.55

Number of Lectures: 116

Number of Published Lectures: 116

Number of Curriculum Items: 116

Number of Published Curriculum Objects: 116

Original Price: $89.99

Quality Status: approved

Status: Live

What You Will Learn

How to conduct fast and efficiently analyses in Excel devoted to Purchasing
How to find ways to cut costs in Purchasing & Procurement
How to identify potential ways to improve your liquidity, especially quick wins n Purchasing & Procurement
Analyze investments in Capex
Conduct Make-or-buy analysis

Who Should Attend

Management Consultants and Business Analysts
Managers working in the Supply Chain
Analysts in the Supply Chain or Purchasing Department
Financial Controllers
Financial Controllers
Financial Controllers

Target Audiences

Management Consultants and Business Analysts
Managers working in the Supply Chain
Analysts in the Supply Chain or Purchasing Department
Financial Controllers
Financial Controllers
Financial Controllers

What is the aim of this course?

During Consulting Projects a lot of attention will be devoted to Purchasing & Procurement. Usually, this area generates big cost reductions and helps improve liquidity. Finding potential savings is not always easy and requires a well-organized approach to purchases done by companies. Luckily, there are a lot of techniques and frameworks that will help you in a structured way to look for savings and potential improvements in liquidity. In this course, I will teach you how to perform fast and efficiently different types of analyses in Purchasing & Procurement.

In the course you will learn the following things:

General information about Purchasing & Procurement.
Useful frameworks for analyzing Purchasing & Procurement.
How to find ways to cut costs in Purchasing & Procurement.
How to identify potential ways to improve your liquidity, especially quick wins.
How to estimate in Excel the potential impact of proposed changes.

This course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turnarounds in the biggest firms in the Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried out or supervised over 90 different performance improvement projects in different industries that generated a total of 2 billion in additional EBITDA. On the basis of what you will find in this course, I have trained in person over 100 consultants, business analysts, and managers who now are Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that my courses on Udemy were already taken by more than 224 000 students including people working in EY, McKinsey, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, and many others.

I teach through case studies, so you will have a lot of lectures showing examples of analyses, and tools that we use. To every lecture, you will find attached (in additional resources) the Excels as well as additional presentations, and materials shown in the lectures so as a part of this course you will also get a library of ready-made analyses that can, with certain modifications, be applied by you or your team in your work.

Why have I decided to create this course?

Performance improvement projects devoted to Purchasing & Procurement are fast-paced and require you a lot of hard work. You have to also master fast the basic information about a specific industry to provide the customer with relevant advice. Most firms, don’t give you the full toolbox that you need. This may lead to huge frustration during consulting projects devoted to performance improvement in purchasing, procurement, and a lot of inefficiencies.

Therefore, I have decided to create this course that will help students understand or refresh the main skills and toolsthat they need during consulting projects devoted to optimizing Purchasing & Procurement. The course will give you the knowledge and insight into real-life case studies that will make your life during a consulting project much easier. Thanks to this course, you will know what and how to do during consulting projects devoted toPurchasing & Procurement. You will master how to analyze data and draw conclusions from the analyses.

To sum it up, I believe that if you want to become a world-class Management Consultant or Business Analyst you have to have a pretty decent understanding of Purchasing & Procurement projects and analyses done during such projects. That is why, I highly recommend this course to Management Consultants or Business Analysts, especially those that did not finish business school. The course will help you become an expert in analyses of Purchasing & Procurement on the level of McKinsey, BCG, Bain, and other top consulting firms.

In what way will you benefit from this course?

The course is a practical, step-by-step guide loaded with tons of analyses, tricks, and hints that will significantly improve the speed with which you understand, and analyze the businesses. There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will learn:

General information about Purchasing & Procurement.
Useful frameworks for analyzing Purchasing & Procurement.
How to find ways to cut costs in Purchasing & Procurement.
How to identify potential ways to improve your liquidity, especially quick wins.
How to estimate in Excel the potential impact of proposed changes.

You can also ask me any question either through the discussion field or by messaging me directly.

How the course is organized?

The course is divided currently into the following sections:

Introduction.We begin with a little introduction to the course as well as some general info on how the course is organized.
General Information on Purchasing. In this section, I will show you the goals, KPIs, and typical problems that you can come across in Purchasing.
Useful Frameworks for Analyzing Purchasing.In this brief section, I will shed some light on standard frameworks that you can use during consulting projects to analyze Purchasing & Procurement.
Quick wins.During consulting projects, you will be pressed for time. Therefore, you have to identify quick wins that will help you achieve a big impact fast. In this section, we will see how you can do that fast.
Make-or-buy analysis. Make-or-buy analysis is an extremely important tool that will help you decide in a rational way what you should do in-house and what to buy. In this section, I will show you how to use this tool in practice.
Reduce usage. You can achieve a lot by reducing how often you use something or changing its specification. In this section, we will discuss in this section this area of savings.
Renegotiate prices. Prices have a huge impact on how much we spend on purchasing. Therefore, if you address these issues properly you can achieve huge savings. In this section, we will see how you can approach this topic.
Specification overview. One of the ways to determine exact requirements before you buy something is to create the so-called specification where you describe what is needed. In this section, we will discuss this method in more detail.
Revise Investment. Many firms spend millions on investments to scale their businesses. Therefore, it is crucial to analyze investments if cash is a challenge. In this section, we will look at some examples of such analyses.
Increase Cash. The Purchasing Department can immensely help in increasing the cash position of the firm by lowering inventory, reducing costs, and extending payables. In this section, we will do a few analyses that will show you how to do them in Excel.

You will also be able to download many additional resources

1. Useful frameworks and techniques

2. Analyses shown in the course

3. Additional resources

4. Links to additional presentations, articles, and movies

5. Links to books worth reading

At the end of my course, students will be able to…

How to conduct fast and efficiently analyses in Excel devoted to Purchasing
How to find ways to cut costs in Purchasing & Procurement.
How to identify potential ways to improve your liquidity, especially quick wins
Analyze investments in Capex
Conduct make-or-buy analysis

Who should take this course?

Management Consultants and Business Analysts
Managers working in the Supply Chain
Analysts in the Supply Chain or Purchasing Department
Financial Controllers
Investment Analysts
Startup Founders
Project Managers

What will students need to know or do before starting this course?

Basic or intermediate Excel
Basic knowledge of economics
Basic or intermediate knowledge of finance & accounting

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Lecture 2: A little bit about me

Lecture 3: How to deal with Blurry image

Lecture 4: How to reach additional resources

Chapter 2: Purchasing – general information

Lecture 1: Introduction to Purchasing

Lecture 2: Goals of Purchasing

Lecture 3: Purchasing Value Drivers

Lecture 4: Typical problems in Purchasing

Lecture 5: Where is Purchasing Located in the organization

Chapter 3: Useful Frameworks for Analyzing Purchasing

Lecture 1: Useful Frameworks for Analyzing Purchasing – Introduction

Lecture 2: Cost reduction framework

Lecture 3: Cost reduction framework – Purchasing Impact

Lecture 4: General framework for Liquidity Improvement

Lecture 5: Liquidity Improvement Framework – Purchasing Impact

Chapter 4: Quick wins

Lecture 1: Quick wins – Introduction

Lecture 2: 80/20 – productivity hacks

Lecture 3: Low-hanging fruits framework

Lecture 4: Quick wins for cost reduction

Lecture 5: Quick wins for cost reduction – Remarks on Pontetial Savings

Lecture 6: Quick wins in Drugstore – Case Introduction

Lecture 7: Quick wins in Drugstore – Cost Structure

Lecture 8: Quick wins in Drugstore – Cost Reduction

Lecture 9: Quick wins in Drugstore – Summary

Lecture 10: How to estimate the potential reduction in costs

Lecture 11: Quick wins for Purchasing

Lecture 12: Purchasing costs estimation – Case Introduction

Lecture 13: Purchasing costs estimation – Data Available

Lecture 14: Purchasing costs estimation – Cost Estimation

Lecture 15: Purchasing costs estimation – Cost Summary & Potential Savings

Chapter 5: Make-or-buy analysis

Lecture 1: Make-or-buy analysis – Introduction

Lecture 2: Total cost of ownership

Lecture 3: Car vs Uber – Introduction

Lecture 4: Car vs Uber – Cost of own car Basic

Lecture 5: Car vs Uber – Uber

Lecture 6: Car vs Uber – Comparison of costs

Lecture 7: Make-or-buy courses – Case Introduction

Lecture 8: Make-or-buy courses – Make Option

Lecture 9: Make-or-buy courses – Buy Option

Lecture 10: Make-or-buy courses – Comparison

Lecture 11: Make it or buy it – When to make even if it is more expensive

Lecture 12: Delegating some work to others – Case Introduction

Lecture 13: Delegating some work to others – Analysis of activities

Lecture 14: Delegating some work to others – Summary

Lecture 15: Capex vs Opex

Lecture 16: Construction work option analysis – Case Introduction

Lecture 17: Construction work option analysis – Data Available

Lecture 18: Construction work option analysis – Solution

Lecture 19: Choice of floor in a Retailer – Case Introduction

Lecture 20: Choice of floor in a Retailer – Data Available

Lecture 21: Choice of floor in a Retailer – Solution

Chapter 6: Reduce usage

Lecture 1: Reduce usage – Introduction

Lecture 2: Eliminate fully certain expenses – Consulting Firm – Case Introduction

Lecture 3: Eliminate fully certain expenses – Consulting Firm – Available Data

Lecture 4: Eliminate fully certain expenses – Consulting Firm – Solution

Lecture 5: Use less – Cosmetics Producer – Case Introduction

Lecture 6: Use less – Cosmetics Producer – Available Data

Lecture 7: Use less – Cosmetics Producer – Solution in Excel

Lecture 8: Use less – Cosmetics Producer – Impact on Inventory

Lecture 9: Use cheaper substiute – Drugstore chain – Case Introduction

Lecture 10: Use cheaper substiute – Drugstore chain – Available Data

Lecture 11: Use cheaper substiute – Drugstore chain – HQ Analyses

Lecture 12: Use cheaper substiute – Drugstore chain – Boxes & Summary

Chapter 7: Renegotiate prices – Introduction

Lecture 1: Renegotiate prices – Introduction

Lecture 2: How to gather data on prices

Lecture 3: Seasonality of prices

Lecture 4: Bread producer – Case Introduction

Lecture 5: Bread producer – Data Available

Lecture 6: Bread producer – Spot and Bulk Buying

Lecture 7: Bread producer – Mixed Buying

Lecture 8: Value Streaming Analysis

Lecture 9: Implied price of cardboard boxes – Case Introduction

Lecture 10: Implied price of cardboard boxes – Case Drivers

Lecture 11: Implied price of cardboard boxes – Data Available

Lecture 12: Implied price of cardboard boxes – Solution

Chapter 8: Specification overview

Lecture 1: Specification overview – Introduction

Lecture 2: Why you should create specifications?

Lecture 3: How to use specification to reduce costs – Framework

Lecture 4: Ask what is the purpose of the specific parameter

Lecture 5: Purchase of computers – Case Introduction

Lecture 6: Purchase of computers – Case Solution

Lecture 7: 5 Why

Lecture 8: Remove things that you no longer need

Lecture 9: Remove things that bring only marginal improvement

Lecture 10: Introduce modularity

Lecture 11: Christmas packaging – Case Introduction

Lecture 12: Christmas packaging – Data Available

Lecture 13: Christmas packaging – Solution

Lecture 14: Standardize components for different products

Lecture 15: Standardize components for different products – Data Available

Lecture 16: Standardize components for different products – Solution

Lecture 17: Create Standard choices

Chapter 9: Revise Investment

Instructors

Asen Gyczew
Expert in performance improvement, turnaround and startups

Rating Distribution

1 stars: 2 votes
2 stars: 6 votes
3 stars: 27 votes
4 stars: 70 votes
5 stars: 158 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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