Procurement Category Management: Faster Purchase Order Cycle Time

Published On:

August 04, 2015

Authored By:

APQC

Public Content:

APQC's Open Standards Benchmarking results show that organizations that have initiated category management programs in procurement show significantly shorter lead times with suppliers. They also experience much better cycle time in processing purchase orders.

Type:

Articles

Topics:

Supply Chain Management, Procurement

Available Tools:

APQC Process Classification Framework (PCF)

Assessments

Procurement Category Management: Faster Purchase Order Cycle Time

Related Resources

Key Benchmarks at a Glance: Consumer Products/Packaged Goods Industry

Procurement and Logistics Employee Key Benchmarks: Automotive Industry

Procurement and Logistics Employee Key Benchmarks: Electronics Industry

Procurement and Logistics Employee Key Benchmarks: Retail and Wholesale Industry

Procurement and Logistics Employee Key Benchmarks: Cross-Industry

Procurement and Logistics Employee Key Benchmarks: Consumer Products/Packaged Goods Industry

Procurement and Logistics Employee Key Benchmarks: Healthcare Industry

Procurement and Logistics Employee Key Benchmarks: Telecommunications Industry

Procurement and Logistics Employee Key Benchmarks: Aerospace Industry

Procurement and Logistics Employee Key Benchmarks: Distribution/Transportation Industry

Procurement and Logistics Employee Key Benchmarks: Pharmaceutical Industry

Procurement and Logistics Employee Key Benchmarks