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Course Overview

Inventory and procurement are deeply interconnected: poor inventory visibility drives inefficiencies, while weak procurement decisions inflate costs. Modern supply chains demand data-driven analysis to strike the right balance between availability, cost, and risk.

This Inventory Data Analysis & Smart Procurement Decisions Training Course provides participants with the analytical skills and strategic frameworks needed to align inventory management with procurement strategies. Participants will explore forecasting, demand planning, supplier performance analysis, and digital procurement tools.

Through hands-on exercises, simulations, and case studies, participants will learn how to use data to reduce excess stock, avoid shortages, and negotiate smarter with suppliers. By the end of the course, they will be prepared to build procurement strategies that optimize both financial and operational performance.

Course Benefits

• Strengthen inventory visibility and data analysis.

• Reduce costs through smarter procurement strategies.

• Improve demand forecasting and planning accuracy.

• Enhance supplier evaluation using data insights.

• Align procurement with financial and operational goals.

Course Objectives

• Understand the link between inventory performance and procurement decisions.

• Apply data analysis to forecast demand and optimize stock.

• Identify key metrics for supplier and inventory evaluation.

• Use analytics to balance cost, risk, and service levels.

• Improve decision-making with real-time inventory data.

• Integrate digital procurement and analytics platforms.

• Build strategies for smarter, sustainable procurement.

Training Methodology

The course combines interactive lectures, data analysis workshops, forecasting simulations, and case studies. Participants will use practical tools to connect inventory insights with procurement strategies.

Target Audience

• Procurement and supply chain professionals.

• Inventory and demand planning managers.

• Operations and logistics managers.

• Executives responsible for procurement strategy.

Target Competencies

• Inventory analysis and optimization.

• Data-driven procurement decisions.

• Supplier performance analysis.

• Forecasting and demand planning.

Course Outline

Unit 1: Introduction to Inventory and Procurement Alignment

• The role of inventory in procurement strategy.

• Common inefficiencies in stock and sourcing.

• Business case for data-driven decisions.

• Case examples of inventory-procurement misalignment.

Unit 2: Inventory Data Collection and Analysis

• Key inventory metrics (turnover, carrying cost, stockouts).

• Tools for inventory visibility and control.

• Using dashboards and analytics platforms.

• Practical workshop: inventory dataset analysis.

Unit 3: Forecasting and Demand Planning

• Forecasting methods and models.

• Linking demand planning with procurement cycles.

• Reducing forecast errors with data insights.

• Simulation: balancing demand and supply.

Unit 4: Supplier Evaluation with Data Analytics

• Data-driven supplier performance measurement.

• Evaluating cost, quality, and reliability.

• Using data to support negotiations.

• Case study: supplier selection through analytics.

Unit 5: Smart Procurement Decision-Making

• Linking inventory analysis to sourcing strategies.

• Total cost of ownership in procurement.

• Risk-based procurement decision frameworks.

• Building procurement policies around data insights.

Unit 6: Digital Procurement Tools and Integration

• Role of ERP and e-procurement platforms.

• AI and machine learning for procurement analytics.

• Real-time inventory-procurement integration.

• Ensuring cybersecurity and data compliance.

Unit 7: Building Sustainable Procurement Strategies

• Incorporating ESG into inventory and procurement.

• Reducing waste and excess through better planning.

• Circular economy models in sourcing.

• Roadmap for sustainable smart procurement.

Ready to turn inventory insights into smarter sourcing?
Join the Inventory Data Analysis & Smart Procurement Decisions Training Course with EuroQuest International Training and lead with data-driven precision.