Procurement practitioners have to be able to generate insights from large volumes of transactional, aggregate, structured and unstructured data resulting from growing stakeholder needs, the globalisation of supply markets, evolving regulatory environments and relevant technological changes. This unit explores challenges in procurement practice using real procurement spend data from organisations with different strategic priorities. Students gain an appreciation of spend analysis techniques involving large datasets and an understanding of how the insights are applied in the context of category strategies, sourcing risk management, negotiations and ethical sourcing. The usefulness of large volumes of both structured and unstructured data for input to procurement strategy is explored. The unit includes an industry-led workshop and certificate component and is suitable for both early career procurement professionals as well as students interested in the application of data analytics in procurement.
9 x 3.5 hr lectures, 1 x 8 hr workshop, 1 x 4 hr workshop, 1 x 3 hr industry forum
quiz (30%); group presentation (25%); final exam (45%)