- July 27, 2017
- Member: FREE
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.