Purchasing & Procurement Analyses for Management Consultants

Purchasing & Procurement Analyses for Management Consultants

Purchasing & Procurement Analyses for Management Consultants

A practical guide on how to analyze purchasing activities during consulting projects

Language: english

Note: 0/5 (0 notes) 7 students  New course 

Instructor(s): Asen Gyczew

Last update: 2022-05-08

What you’ll 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

 

Requirements

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

 

Description

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:

  1. General information about Purchasing & Procurement.

  2. Useful frameworks for analyzing Purchasing & Procurement.

  3. How to find ways to cut costs in Purchasing & Procurement.

  4. How to identify potential ways to improve your liquidity, especially quick wins.

  5. 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 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 in total 2 billion of 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 130 000 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 tools that 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 to Purchasing & 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 tones 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:

  1. General information about Purchasing & Procurement.

  2. Useful frameworks for analyzing Purchasing & Procurement.

  3. How to find ways to cut costs in Purchasing & Procurement.

  4. How to identify potential ways to improve your liquidity, especially quick wins.

  5. 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.

You will be able also 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

 

Who this course is for

  • 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

 

Course content

  • Introduction
    • Introduction
    • A little bit about me
    • How to deal with Blurry image
    • How to reach additional resources
  • Purchasing – general information
    • Introduction to Purchasing
    • Goals of Purchasing
    • Purchasing Value Drivers
    • Typical problems in Purchasing
  • Useful Frameworks for Analyzing Purchasing
    • Useful Frameworks for Analyzing Purchasing – Introduction
    • Cost reduction framework
    • Cost reduction framework – Purchasing Impact
    • General framework for Liquidity Improvement
    • Liquidity Improvement Framework – Purchasing Impact
  • Quick wins
    • Quick wins – Introduction
    • 80/20 – productivity hacks
    • Low-hanging fruits framework
    • Quick wins for cost reduction
    • Quick wins for cost reduction – Remarks on Pontetial Savings
    • Quick wins in Drugstore – Case Introduction
    • Quick wins in Drugstore – Cost Structure
    • Quick wins in Drugstore – Cost Reduction
    • Quick wins in Drugstore – Summary
    • How to estimate the potential reduction in costs
    • Quick wins for Purchasing
    • Purchasing costs estimation – Case Introduction
    • Purchasing costs estimation – Data Available
    • Purchasing costs estimation – Cost Estimation
    • Purchasing costs estimation – Cost Summary & Potential Savings
  • Make-or-buy analysis
    • Make-or-buy analysis – Introduction
    • Total cost of ownership
    • Car vs Uber – Introduction
    • Car vs Uber – Cost of own car Basic
    • Car vs Uber – Uber
    • Car vs Uber – Comparison of costs
    • Make-or-buy courses – Case Introduction
    • Make-or-buy courses – Make Option
    • Make-or-buy courses – Buy Option
    • Make-or-buy courses – Comparison
    • Make it or buy it – When to make even if it is more expensive
    • Capex vs Opex
    • Construction work option analysis – Case Introduction
    • Construction work option analysis – Data Available
    • Construction work option analysis – Solution
    • More on Purchasing & Procurement
  • Conclusions
    • Bonus Lecture

 

 

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