Advanced Certificate in Strategic Sourcing Module 4: Finance and Data Analytics for Procurement

Innovation & Business Improvement
Supply Chain Management

Next Intake: 20 Jan 2025 (Mon)

Basic
SkillsFuture
Short Courses
This module is part of Advanced Certificate in Strategic Sourcing

This module is conducted in-person.

Next course starts on

20 Jan 2025 (Mon) See Full Schedule

Fee

SGD2,180* (as low as SGD254 after maximum funding) Learn More

Duration

2 days
Weekdays (9am - 5pm)

Level

Basic

Who Should Attend

Managers, executives, officers, auditors, end-users, contract owners and specialists in purchasing, procurement and supply chain management roles whose job responsibility involve leveraging financial and procurement data sources to help improve processes and operations.

PREREQUISITES

Participants should preferably be

conversant in English, both spoken and written; and
proficient in MS Office.

Overview

Traditional procurement planning practices display a strong short- to medium-term orientation. To be prepared for the future, procurement professionals have to think “out-of-the-box” and select forecasting tools with the most extensive field of vision. It is the only way to provide comprehensive procurement transformation with the best possible support across its entire breadth and depth. To this end, the roles of finance and analytics are key.

Finance has an incredibly important role in procurement and it is important to understand the value it offers. Analytics, on the other hand, helps tie together both internal and external data sources, thus providing information anytime and anywhere about supplier markets. This module discusses how finance and analytics can help drive decisive insights for procurement and enable organisations to unlock their real value.

Learning Objectives

Gain an appreciation of finance and its impact on procurement
Learn about financial ratios and interpret financial documents
Link financial information to procurement tasks
Use data analytics to forecast demand planning
Analyse data impact on warehouse management and other functions

Assessment

As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.

Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.

Calculate Programme Fee

Fee Table

COMPANY-SPONSORED

PARTICIPANT PROFILE

SELF-SPONSORED

SME

NON-SME

Singapore Citizen < 40 years old

Permanent Resident

LTVP+

$654

(After SSG Funding 70%)

$254

(After SSG Funding 70%
+ ETSS Funding 20%)

$654

(After SSG Funding 70%)

Singapore Citizen ≥ 40 years old

$254

(After SSG Funding 70%
+ MCES Funding 20%)

$254

(After SSG Funding 70%
+ ETSS Funding 20%)

$254

(After SSG Funding 70%
+ MCES Funding 20%)

International Participant

$2,180

(No Funding)

$2,180

(No Funding)

$2,180

(No Funding)

All prices include 9% GST

Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.

Self Sponsored

SkillsFuture Credit: Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.

This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.

Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).
Workfare Skills Support Scheme: From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.

Company Sponsored

Enhanced Training Support for SMEs (ETSS)

Organisation must be registered or incorporated in Singapore
Employment size of not more than 200 or with annual sales turnover of not more than $100 million
Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
Trainees must be Singapore Citizens or Singapore Permanent Residents
Trainees must not be a full-time national serviceman
Trainees will be able to enjoy ETSS funding only if the company's SME's status has been approved. To verify your SME's status, please click here.

Please click here for more information on ETSS.

Absentee Payroll