Lunch and Learn:

Introduction to visualising spend and contract data

Including how to use Sankey Diagrams

Next session: 15 March 2017

The ‘Introduction to visualising spend and contract data’ Lunch and Learn is designed as a practical guide in how to use a variety of tools for visualising data, to aid in creating value added discussions with stakeholders from across your business.

Lunch and Learn Topic: Introduction to visualising spend and contract data (Inc. Sankey Diagrams)
This course is right for you if: You are responsible for visualising and presenting contract and spend data. Your role would typically be within Procurement, Supply, Finance, IT or Operations, working in industries such as mining, oil & gas, utilities, or government.
Why you should attend: It’s become increasingly important to have the skills to analyse and visualise data to aid in business discussions. We know that the relationship needs to change between Procurement, IT, Finance, and Operations Teams in the way they interact with each other to discuss the value and cost drivers of the business.

Unfortunately, when most professionals are asked to analyse and visualise spend or contract data, we gravitate towards pie charts, pivot tables, pivot charts, spend hierarchies, column graphs … the usual. The team at Acquire noticed some inadequacies in what these visualisations provided, and have found some other great ways to visualise data outside of the typical finance and procurement realm. Some of which include: Sankey Diagrams, Isometric Drawings, and Sunburst Graphs.

The information provided in this session will empower attendees to begin developing engaging visualisations of spend and contract data to aid discussions with their stakeholders.

We’ve found that a little bit of knowledge goes a long way and similar sessions have helped those attending change the way spend and contract data is discussed within their business. Moving away from a spreadsheet based line by line analysis of costs, to a value and total cost of ownership discussion of the whole supply arrangement.

What attendees will get from this session:

 

The session is designed as an introduction to visualising spend and contract data in the context of major services arrangements. Learning objectives include:

  • Understand the spend and contract data available and how it can be used for a meaningful discussion
  • Understand how to quickly transform data to meet the needs of your visualisation
  • Understand the different types of visualisation options available
  • Understand how some visualisations can combine the functions of multiple charts and graphs to convey a spend message
  • Understand how to focus a stakeholder’s attention to particular layers of spend and contract data
Session Facilitator The session will be facilitated by Simon Thompson who has 10+ years working with mining services contracts covering contract mining services, earth moving services, drill & blast contracts, FIFO Charters, major overhaul services, camp management, and many more relating to mining (Coal and hard rock) as well as Oil & Gas, Power Generation, and Manufacturing.  Simon has consulted to businesses including BHP Billiton, Rio Tinto, Vale, QGC, Santos, Origin, Queensland Rail, Virgin Australia, and many more.

Simon has also recently completed an intensive executive negotiation course at Harvard University.

Duration: 45 minutes
Capacity: Max. 15 people
Cost: Free

Example spend and contract data visualisations:

The next event will be held on:

Date: Wednesday 15th March 2017 from 12-1 pm (Lunch provided)
Location: Brisbane City (TBC)
Registration: To register for this event, please send an email to Jeremy Blackford at jblackford@acquireprocure.com with the number of participants and any dietary requirements.

Other events you may be interested in:

Lunch and Learn Topic: Introduction to Should-Cost Analysis – understanding how much you should pay for major services
Date: Wednesday 22nd February 2017 from 12-1 pm (Lunch provided)
Location: Brisbane City (TBC)

If you’re interested in a session being scheduled for your team or have specific learning objectives that you’d like covered, please contact Simon Thompson at sthompson@acquireprocure.com