Procurement Key Performance Indicators and Metrics скачать в хорошем качестве

Procurement Key Performance Indicators and Metrics

In this video will go through what the following blog post present: https://www.prokuria.com/post/procure.... The topics covered are: ➡What Are Procurement Key Performance Indicators? ➡Quality KPIs ➡Inventory KPIs ➡Delivery KPIs ➡Cost-Saving KPIs What Are Procurement Key Performance Indicators? A procurement KPI is a measurement tool that can be used to evaluate and monitor a company's procurement operations as well as compare them against one another. These KPIs assist businesses in streamlining and optimizing their procedures, while also allowing them to fulfill their commercial objectives, goals, and overall procurement strategies. Quality KPIs ✔Compliance Rate - To ensure legal protection, businesses must be in contractual and policy compliance. There's a lot of danger of growing indirect and rogue spending if these compliance rates fall. ✔Purchase Order Accuracy - A poor purchase order accuracy is typically costly to the organization. This metric will allow companies to monitor if their suppliers are delivering correct orders on time, as well as whether they are being delivered correctly. ✔Supplier Defect Rate - The supplier defect rate is used to assess each supplier's overall quality. Procurement experts may use the supplier defect rate based on defect types to come up with practical insights about each vendor's trustworthiness. Inventory KPIs ✔Inventory Aging - An inventory aging report is a record of all the items on hand that has been categorized based on how long they've been in storage. ✔Inventory Turnover Ratio - The inventory turnover ratio is the percentage of products sold relative to the average inventory throughout a year. Inventory Carrying Cost - This KPI indicates the total expense of keeping inventory. Find out more information about KPIs in the blog article: https://www.prokuria.com/post/procure.... Learn more about Prokuria: https://www.prokuria.com?utm_source=Y... About Prokuria: Prokuria is fast to start, easy to customize, and intuitive to work with when compared with other more traditional software solutions. It is the easiest and fastest solution for automating sourcing and Supplier Relationship Management. It is simple and intuitive, yet very powerful. Buyers and suppliers require no training in using Prokuria, which leads to fast adoption by teams. Although cloud-based, it is straightforward to be customized for special necessities like audit needs, approval flows, or special user rights. #prokuria