Procurement KPIs
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Contract expiring
Contract expiring
Number of Contracts expiring
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Number of contracts that are about to expire

KPI Definition

Contract Expiring refers to the number of procurement contracts that are approaching the end of their validity period within a specified timeframe

Business Value

This metric is calculated to track the number of contracts expiring soon, so that a business can plan revenue targets and goals.

Movement Direction

Sample Formula

COUNT (Contract_Number)

Should Aim For
1
This metric should move down ie., decrease with time as a business should be re-signing exsiting contracts before they expire.
2
3
Track Similar KPIs
Project budget
the allocated amount of funds
Project award price
It refers to the agreed-upon or negotiated price
Delayed Projects
the number of projects that ae delayed
Project actual saving
the total monetary amount saved
Deliveries
Items which have been delivered
Delay in project closure
the completion of a procurement project exceeds the planned or expected timeframe.
Submitted PO
Submitted Purchase Order
Raised PR
Raised Purchase Request
PR
Purchase Request
Non Purchase Order Invoices
Non Purchase Order Invoices
PO Invoices
Purchase Order Invoices
PO value
Purchase Order Value
Lead time
Lead time refers to the duration between initiating a process and its completion
Cycle Time for Deliveries
Average Delivery Time
Delay in delivery
Average Delay in Delivery
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