Procurement benchmarking metrics

November 30, 2020


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…

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