Call for Input: Performance Metrics for Procurement Pros?

I'm trying to gather and consolidate metrics that can be used to gauge the performance of procurement pros (in the form of annual performance objectives).  The following is what I've gathered so far.  Any new metrics would be greatly appreciated, but I'm looking for quantitative, measurable metrics.  Send me an e-mail at stephenguth@vendormanagementoffice.com or simply reply to this blog entry.  I intend on posting on this blog what I come up with as a final draft.  Thx in advance.

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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