4 KPIs That Define Procurement Success

In the evolving field of procurement, staying ahead of the curve means not only adopting best practices but also measuring success effectively. Measuring success effectively helps organizations find opportunities to reduce costs, increase efficiency and make better decisions.
In a recent discussion with Ryan Belcher of Spendwise, Marisa Brown, Senior Principal Research Lead for Supply Chain Management at APQC, emphasized how organizations benefit from using performance measures. She also outlined the Key Performance Indicator (KPI) framework that APQC recommends and four high level KPIs they think are essential.