Procurement KPIs
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Project award price
Project award price
It refers to the agreed-upon or negotiated price
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The total amount awarded on projects which are closed

KPI Definition

Project award price refers to the agreed-upon or negotiated price for a procurement project or contract

Business Value

The total amount awarded against a project by a business

Movement Direction

Sample Formula

SUM (Actual_Award_Price_In_USD)

Should Aim For
1
Ensuring that the project award price is competitive of market rates helps control costs and maximize value for the organization
2
3
Track Similar KPIs
General Ledger accounts
General ledger accounts are individual accounts used to record financial transactions
Running Projects
The projects which are ongoing
Delayed PO Payment
the payment for goods or services provided under a purchase order (PO) is postponed
Payment
total amounts for all payments
Delayed Non PO Payment
the payment for goods or services provided without a corresponding purchase order (PO) is postponed
Delay in payment
time delay for payment
Contracts updated
the process of updating or renewing contracts is postponed beyond the expected or agreed-upon timeframe.
Cycle time for invoice posting
the duration from when an invoice is received to when it is processed and recorded in the organization's financial systems.
Preferred vendors
suppliers or vendors that have been designated as preferred
Project Amount
total monetary value assigned or budgeted
Unutilized Project Budget
the portion of allocated funds or resources for a procurement project
Target cycle time for project closure
ideal timeframe within which the procurement project should be completed
Projects
Projects refer to specific initiatives or endeavors undertaken
Project estimated saving
Project estimated saving
Project Cycle time
Project cycle time refers to the duration it takes to complete a specific procurement project
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