Skip to main content

Posts

Showing posts with the label Procurement Analatics

Procurement Performance Management Dashboard

Procurement Performance Management Dashboard Use the Procurement Performance Management reports to help you manage your buyers and procurement activities: • How are my buyers performing based on the number and purchase order amount of processed and fulfilled requisition lines? • How long on average did it take for buyers to process an order, from requisition approval date to purchase order approval date? • How long on average did it take for buyers to fulfill an order, from requisition approval date to receipt or invoice date? • What volume of purchase orders was created manually? Procurement Performance Management KPIs Key performance indicators (KPIs) for procurement performance management are described below. These KPIs enable procurement managers to view how much work their organization is doing in volume and amount of processed requisitions, including how long on average it took to process the requisitions. • Processed Requisition Lines: Number of approved requisition lines that a...

Procurement Management Dashboard | Purchasing KPI Dashboard

Procurement Management Dashboard | Purchasing KPI Dashboard Use the  Procurement Management reports  for the following: • Monitor key performance measures, such as the percentage of non-contract purchases to total purchases, and compare them across operating units. • Observe purchasing trends including top suppliers, categories, and items. • Identify maverick purchases ( contract leakage ) to manage compliance. • Measure the percentage of the total invoice amount that is processed and controlled by the purchasing organization. Procurement KPIs •  Non-Contract Purchases Rate:  (Non-Contract Purchases Amount / PO Purchases Amount) * 100. Percent of non-contract purchases to the total purchase amount. Non-contract purchases occur when, for an item purchased on a standard purchase order, there was no negotiated pricing (no blanket purchase agreement in place. Use this KPI to measure the percentage of purchases made without any contract being in place.  A lower rate ...