Procurement KPIs
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Contracts updated
Contracts updated
the process of updating or renewing contracts is postponed beyond the expected or agreed-upon timeframe.
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Number of contracts that have been updated

KPI Definition

The number of existing procurement contracts that have undergone revisions, amendments, or modifications within a specific period.

Business Value

This metric is calculated to track the total number of contracts that are updated so that a business can evlauate contract stautes and trends

Movement Direction

Sample Formula

COUNT (Contract_Number)

Should Aim For
1
Regularly updating contracts
2
helps ensure compliance with changing laws, regulations, and industry standards
3
reducing the risk of non-compliance penalties
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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