Call for Input: Performance Metrics for Procurement Pros?
Cost Savings / Avoidance. Assist in the team goal of realizing $XXM in total savings by achieving a minimum savings of $XXM during the 12-month period of MMMM to MMMM (end-of-month), such savings properly supported by documentation and calculated consistent with the Cost Savings Definition Standard.
Risk Mitigation. On a quarterly basis, ensure that 80% of contract documents are executed using customer contract templates.
Vendor Management. On a quarterly basis, ensure that no greater than 1% of all contracts executed within the prior 12-months result in a formal contract dispute.
Out-of-Process Spend: On a quarterly basis, ensure that no greater than 5% of all contracts executed results from a Bid Exception Request.
RFx Turn-Around Time. On a quarterly basis, ensure that 80% or more of all RFx projects completed and contracted within 60 calendar days of the customer's initial request date, with 95% or more of all RFx projects completed and contracted within 90 calendar days of the customer's initial request date.
Contract Turn-Around Time. On a quarterly basis, ensure that 80% or more of all contracts negotiated and executed within 30 calendar days of the customer's initial request date, with 95% or more of all contracts negotiated and executed within 60 calendar days of the customer's initial request date.







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