Description
TMeasuring performance is part of how modern businesses function. Procurement is no different in that respect. The benefits of adopting a rigorous performance measurement approach are numerous: other departments and higher management can better recognize the value procurement is adding . Measurement using appropriate KPIs can lead to performance improvement: for example, measuring the generation of savings to show the contribution procurement has made to the company’s bottom line performance. A better procurement department will reduce the risk of shortages, allowing production to be continuous and efficient. Better management of inventory will reduce the cost of capital tied up in stock in the warehouse. This training workshop is all about these topics.
What you will learn
- Benefits of measuring the performance of procurement
- Assessing Purchasing Effectiveness and Purchasing Efficiency
- KPIs for measuring performance
- Procurement Information systems
0203 1266 755
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