Average cycle time in days to establish a contract with a supplier
This measure calculates average cycle time in days to establish a contract with a supplier, starting when the negotiation is opened until the contract is signed. This Cycle Time measure is intended to help companies analyze this duration related to the process group "Procure materials and services".
Benchmark Data
Measure Category:
Cycle Time
Measure ID:
106475
Total Sample Size:
1,831 All Companies
Performers:
25th | Median | 75th |
---|---|---|
- | - | - |
Key Performance
Indicator:
No
Compute this Measure
Units for this measure are days.
Average cycle time in days to establish a contract with a supplier
Key Terms
Cycle Time
Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.