Procurement Analysis Worksheet Excel Template

Procurement Analysis Worksheet Excel Template

Procurement analysis is the analysis of what goes on in your purchasing department, are they keeping to the purchasing strategy and are inventories being kept to the optimum levels.

This Procurement Analysis Worksheet is built in Excel. It captures key financial info (investment costs, benefits) over a 3-year span for a large capital expenditure.

Procurement is an important part of your business so you need to undertake regular procurement analysis to ensure that you are making the best use of your hard earned money. Procurement analysis is the analysis of what goes on in your purchasing department, are they keeping to the purchasing strategy and are inventories being kept to the optimum levels. With respect to suppliers, are the best suppliers been chosen and are they offering the best prices and terms? 

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Whatever the size of your company you must analyze costs and inventories. As you become larger and your purchasing needs become more complex, you should be analyzing delivery times, maverick spending and whether you are making the best use of your suppliers.

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