Procurement Key Benchmarks: Industrial Products Industry

Published On:
July 31, 2020
Authored By:
APQC
Member Only Content:
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Prepared with data from APQC’s Open Standards Benchmarking in procurement, this article highlights procurement benchmarks for organizations in the industrial products industry.

Metrics provided include:

  • total cost to perform the procurement process,
  • average supplier lead time,
  • percentage of purchase orders approved electronically, and more.
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Also found in this Procurement Key Benchmarks, Key Benchmarks at a Glance: Industrial Products Industry
Type:
Data and Measures
Topics:
Supply Chain Management, Procurement, Purchasing, Sourcing
Industries:
Durable Goods, Machinery, Machinery Equipment

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