Total Cost to Perform the Procurement Process Group per Purchase Order

 

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Cost measures are the most traditional measures used in evaluating process performance. Procurement cost plays a significant role when developing sourcing strategies, selecting suppliers, ordering materials, and helping to develop and appraise suppliers.

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 purchase order. 

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