Cycle Time in Hours to Place a Purchase Order

Cycle time measures are an important category of a balanced set of process measures. Cycle time reduction efforts may not only improve the turnaround time of key activities, but also improve staff productivity and the overall cost of the procurement function.

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 cycle time to place a purchase order.