Supplier, Inventory, and Spend Management

This course equips you to operationalize supplier onboarding and performance monitoring, keep inventories aligned with demand through trigger levels and cycle counts, and analyze spend to reveal cost-saving opportunities. Topics include creating and managing preferred-supplier lists, vendor master-data best practices, performance reporting cadence and data maintenance, document-control conventions, and accounts-payable controls such as the three-way match. You will practice inventory cycle-count procedures and replenishment triggers, and use basic spend–analytics techniques (pivoting, summarization) to identify primary cost drivers. The course is oriented toward maintaining data integrity across supplier and inventory systems and translating transactional records into actionable spend insights

• Explain the purpose and maintenance process for a preferred-supplier list
• Apply a supplier intake checklist to collect and enter master data accurately
• Perform cycle-count reconciliations and record variance actions for inventory control
• Summarize spending data to identify primary cost drivers and recommend savings

• Basic familiarity with the topic and its common terminology
• Readiness to practice through applied exercises or case-based work