Procurement KPIs
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Cycle time for PO approval
Cycle time for PO approval
Cycle time for Purchase Order approval
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The average amount of time it takes for a Purchase Order to get approved

KPI Definition

Cycle time for Purchase Order approval

Business Value

Cycle time for PO approval is an important metric to ensure that the Purchase orders are being approved in an efficient manner

Movement Direction

Sample Formula

AVG (PO_Approval_Date - PO_Creation_Date)

Should Aim For
1
This metric should move down ie., decrease with time as a business should approve purchase orders at a faster rate
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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