Procurement KPIs
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Savings
Savings
the reduction in costs or expenditures
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The total in for all savingss

KPI Definition

Savings refers to the reduction in costs or expenditures achieved through effective procurement practices, negotiations, or process improvements

Business Value

The savings metric is used by businesses to analyse savings and cost in contract

Movement Direction

Sample Formula

SUM (Savings_In_USD)

Should Aim For
1
This metric should move up ie., increase with time
2
3
Track Similar KPIs
Cycle time for PR approval
Cycle time for Purchase Return approval
Cycle time for PR completion
Cycle time for Purchase Return completion
Cycle time for PO submission
Cycle time for Purchase Order submission
Cycle time for PO creation
Cycle time for Purchase Order creation
Cycle time for PO approval
Cycle time for Purchase Order approval
Cycle time for PO acknowledgement
Cycle time for Purchase Order acknowledgement
Purchase Order
Purchase Order
Approved Purchase Return
Approved Purchase Return
Approved Purchase Order
Approved Purchase Order
Acknowledged Purchase Order
Acknowledged Purchase Order
Contracts
The total number of formal agreements
Contracts expiring
the contracts which are about to get expired
Contract expiring
Number of Contracts expiring
Actual Contract Value
Actual Contract Value
Total Contract Value
Total Contract Value
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