Procurement KPIs
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Spend
Spend
the total amount of money expended
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The total amount for all spends

KPI Definition

Spend refers to the total monetary value of purchases made by an organization for goods or services from suppliers or vendors.

Business Value

The Spend metric is used by businesses to analyse spends and costs against contracts

Movement Direction

Sample Formula

SUM (Invoice_Amount_In_USD)

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