Non Contracted Spend
the total monetary value of purchases made by an organization from suppliers or vendors without a formal contractual agreement in place.
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The total amount spent on non contracted projects

KPI Definition

This metric includes spending on goods or services that are procured outside of existing contracts, agreements, or negotiated terms.

Business Value

The Non contracted spend metric helps business evalute amount spend for outside the contract expenses

Movement Direction

Sample Formula

SUM (Invoice_Amount_In_USD)

Should Aim For
1
This metric should move down ie., decrease with time
2
3
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