Many procurement departments have gone as far as they can when it comes to leveraging price savings out of suppliers. Complete the Procurement Open Standards Benchmarking Assessment and help your department become a core competitive weapon and increase shareholder value.
By participating in this assessment, you can unearth new opportunities for:
- reducing the cost of materials and services,
- increasing supplier on-time delivery rates, and
- improving incoming materials quality.
Metrics related to this assessment include:
- Cash-to-cash cycle time in days
- Number of FTEs that perform the process "manage suppliers" per $1 billion purchases
- Total cost to perform the process group "procure materials and services" per $1,000 purchases
All submissions to APQC's benchmarking database, both Open Standards Benchmarking and Rapid Performance Assessments, must be collected using APQC's easy-to-use Microsoft Excel data collection instruments. Please download a fresh copy of the assessment file by clicking the “Download Survey to Start Assessment” button.
Each benchmarking assessment offers an Excel-based data collection tool consisting of the survey itself, the measures associated with the survey, the glossary terms needed to understand the survey, and a copy of the Process Classification Framework (PCF) relevant to the data collection instrument. The consolidated data collection tool is intended to simplify the collection of benchmarking data within your organization.
Once you have completed the data collection instrument, simply upload the file using APQC's secure file upload tool. Visit this URL to upload your file: https://zurl.co/8Rg92. If you are unable to connect to that web site, please contact the helpdesk for more information by sending an email to email@example.com. Please do not send privileged, confidential, or non-public data to APQC via email. Please contact the helpdesk on firstname.lastname@example.org if you have any further questions.
APQC analysts will immediately begin validation of your submission.