Average cycle time in days to set up a supplier in the procurement system

This measure calculates the number of calendar days (including weekends) that elapse to set up a supplier in the procurement system. It is a Cycle Time measure that helps companies analyze the duration of the "manage suppliers" process from beginning to end.

Benchmark Data

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Measure Category:
Cycle Time
Measure ID:
106476
Total Sample Size:
1,798 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
No

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Compute this Measure

Units for this measure are days.

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Average cycle time in days to set up a supplier in the procurement system

Key Terms

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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.

Measure Scope

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Cross Industry (7.3.1)

  • 4.2.4.1 - Monitor/Manage supplier information (10299)
  • 4.2.4.2 - Prepare/Analyze procurement and vendor performance (10300)
  • 4.2.4.3 - Support inventory and production processes (10301)
  • 4.2.4.4 - Monitor quality of product delivered (10302)