Procurement benchmarking metrics

November 30, 2020

Share

Q. I've been using the AP Benchmarking documents, and would love to have the same kind of content for Procurement. What are some common metrics to measure procurement efficiency and effectiveness? A. (Answered by the IOFM Advisory Panel) ----- Here are some common Procurement metrics: Average Contract Cycle Time Spend Under Management Savings Attained Increase of RF(x) Activity Customer Satisfaction Supplier Diversity spend and contract volume Quality Control ----- We are actually in the…

  Become A Member

Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today


Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500