Skills for Professionals

260709 Digital Procurement and Data-Driven Decision Making (THIEP)


Description
# Digital Procurement and Data-Driven Decision Making

## Course Overview

Digital Procurement and Data-Driven Decision Making is a practical online course designed for procurement teams, analysts, coordinators, managers, and professionals involved in supplier tracking, spend analysis, procurement reporting, bid evaluation, and continuous improvement.

As procurement functions become more strategic, organisations increasingly rely on accurate data, digital platforms, dashboards, automation, and AI-supported tools to improve decision-making. Procurement teams are no longer expected only to process purchase requests or manage supplier communication; they are also expected to analyse performance, identify risks, compare supplier options, track savings, improve reporting, and provide insights that support better project and business outcomes.

This course introduces learners to the key concepts, methods, and tools used in modern digital procurement. Participants will explore how procurement data can be collected, cleaned, analysed, visualised, and translated into useful insights. The course covers practical applications such as supplier performance dashboards, procurement KPIs, spend analysis, bid comparison tools, cost-saving identification, and AI-enabled reporting.

Special attention is given to construction and industrial project environments, where procurement decisions can directly affect project cost, timelines, material availability, supplier reliability, and operational performance. Learners will examine how data-driven procurement can support better planning, stronger supplier management, improved risk visibility, and more informed decision-making across complex procurement cycles.

By the end of the course, participants will be able to use data and digital tools to analyse procurement performance, compare suppliers, track savings, identify risks, improve reporting, and support smarter procurement decisions.

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## Learning Outcomes

By the end of this course, learners will be able to:

1. Explain the role of data-driven decision-making in modern procurement.
2. Identify key sources of procurement data, including supplier data, spend data, bid data, delivery data, contract data, and performance records.
3. Analyse procurement information to support better supplier selection, cost control, risk management, and operational improvement.
4. Apply procurement analytics to construction and industrial project environments.
5. Use dashboards and KPIs to monitor supplier performance and procurement efficiency.
6. Conduct basic spend analysis to identify cost-saving opportunities and purchasing trends.
7. Compare supplier bids using structured digital tools and evaluation criteria.
8. Recognise how AI and automation can support procurement reporting, analysis, forecasting, and decision-making.
9. Interpret procurement data to identify risks, delays, inefficiencies, and improvement opportunities.
10. Communicate procurement insights clearly using reports, dashboards, charts, and evidence-based recommendations.

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# Course Outline

1. Data Analysis for Smarter Procurement Decisions
2. Advanced Procurement Analytics for Construction and Industrial Projects
3. Using AI and Digital Tools to Improve Procurement Performance
4. Supplier Performance Dashboards and Procurement KPIs
5. Spend Analysis and Cost-Saving Opportunities
6. Digital Tools for Bid Comparison and Procurement Reporting
Content
  • V2. Digital Procurement and Data-Driven Decision Making.mp4
  • 1. Data Analysis for Smarter Procurement Decisions
  • 2. Advanced Procurement Analytics for Construction & Industrial Projects
  • 3. Using AI and Digital Tools to Improve Procurement Performance
  • 4. Supplier Performance Dashboards and Procurement KPIs
  • 5. Spend Analysis and Cost-Saving Opportunities
  • 6. Digital Tools for Bid Comparison and Procurement Reporting
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever