Analytics
Procurement KPI Systems
We help design and implement a procurement function effectiveness measurement system: metric selection, calculation methodology, thresholds and targets, reporting cadence. A system that connects the operational day-to-day of procurement with management requirements.
An organisation measures what it manages. What it does not measure escapes control regardless of its stated importance.
Problem
Where organisations get stuck
No system for measuring procurement function effectiveness
Difficulty reporting procurement value to management
Undefined performance goals and thresholds for buyers
Approach
How engagements work
- 01
KPI definition workshops with stakeholders
- 02
Methodology design and goal calibration
- 03
System implementation and team training
Results
What changes operationally
- 01
Defined KPI set with calculation methodology
- 02
Goals and thresholds for each metric
- 03
Reporting cadence and report templates
Format
- Engagement format
- 3-6 week project; workshops + documentation + implementation.
- Capability area
- Analytics
See also
Related areas
Procurement Dashboards
Analytics
Operating Model Design
Transformation
Spend Analytics
Analytics
Let's talk about what this looks like in your organisation.