In today's data-driven world, the ability to transform raw financial data into strategic insight is no longer optional—it is essential. This course, Analyze Spend: Uncover Hidden Cost Savings, is a beginner's guide to mastering the foundational art of spend analysis. Designed for aspiring analysts, procurement specialists, and any professional eager to make a tangible financial impact, this course demystifies the process of finding cost-saving opportunities hidden within everyday transactional data.

Analyze Spend: Uncover Hidden Cost Savings
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Analyze Spend: Uncover Hidden Cost Savings
This course is part of Supplier Performance & Risk Management Specialization

Instructor: LearningMate
Included with
Recommended experience
What you'll learn
Learners will transform raw spend data into actionable insights, using data analysis to identify and present hidden cost-saving opportunities.
Skills you'll gain
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January 2026
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There are 3 modules in this course
This module introduces the core concepts of spend analysis, focusing on the critical first step: categorizing costs. Learners will explore different cost types (direct, indirect, capital) and learn how to apply a consistent categorization framework, turning a chaotic list of transactions into a meaningful dataset.
What's included
2 videos1 reading2 assignments
Raw data is rarely ready for analysis. In this module, learners get hands-on with essential data cleaning and organization techniques in a spreadsheet environment. They will learn how to standardize supplier names, format dates and currencies, and structure the data in a way that makes it reliable for analysis.
What's included
2 videos1 reading1 assignment
In this final module, learners transform their clean, structured data into actionable financial insights. They will be introduced to the power of pivot tables to summarize vast amounts of data, identify top areas of spend, and pinpoint potential cost-saving opportunities, culminating in a final project.
What's included
2 videos1 reading2 assignments
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