Procurement KPI's: Do The Standard Metrics Tell The Whole Story?

I hope that you have enjoyed the article "10 Procurement KPI's, Part I."

In this article, I share some of the more standard KPI's used for benchmarking. These are often used by senior management to get a general understanding of how their procurement departments stack up against others.

So, in that regard, they are important. As a procurement leader, you should have these KPI's at your fingertips if/when your management comes looking for them.

But these particular KPI's don't tell the whole story of how a procurement department should be evaluated by management or even outside constituencies. Stay tuned for Part II in two weeks to get the rest of the picture.

To Your Career,
Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
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