Total Cost to Perform the Procurement Process Group per $1,000 in Purchases

 

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Cost measures are traditional measures used in evaluating process performance, and often the first key performance indicators that executives look at since they are financial measures.

This article is part of a series of articles outlining key performance indicators for procurement. This article presents data from APQC's Open Standards Benchmarking® for procurement regarding the total cost to perform the procurement process group per $1,000 in purchases.

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