Number of active vendors in the master file per $1 million purchases

This measure calculates the total number of active vendors (per $1 million purchases) in a complete listing of a trackable data set for suppliers. It is part of a set of Process Efficiency measures that help companies optimize the performance of their "procure materials and services" process by minimizing waste and refining resource consumption.

Benchmark Data

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Measure Category:
Process Efficiency
Measure Id:
104118
Total Sample Size:
2,331 All Companies
Performers:
25th
Median
75th
Key Performance
Indicator:
No

Compute this Measure

Units for this measure are active vendors.

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Number of active unique suppliers in vendor master file / (Value of all materials and services purchased * .000001)

Key Terms

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Process efficiency

Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.

Measure Scope

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Cross Industry (7.3.0)

  • 4.2.1 - Provide sourcing governance and perform category management (10277)
    • 4.2.1.1 - Develop procurement plan (10281)
    • 4.2.1.2 - Clarify purchasing requirements (10282)
    • 4.2.1.3 - Establish materials management contingency plans (10283)
    • 4.2.1.4 - Match needs to supply capabilities (10284)
    • 4.2.1.5 - Analyze organization’s spend profile (10285)
    • 4.2.1.6 - Seek opportunities to improve efficiency and value (10286)
    • 4.2.1.7 - Collaborate with suppliers to identify sourcing opportunities (10287)
  • 4.2.2 - Develop sourcing and category management strategies (20973)
  • 4.2.3 - Select suppliers and develop/maintain contracts (10278)
    • 4.2.3.1 - Select suppliers (10288)
    • 4.2.3.2 - Certify and validate suppliers (10289)
    • 4.2.3.3 - Negotiate and establish contracts (10290)
    • 4.2.3.4 - Manage contracts (10291)
  • 4.2.4 - Order materials and services (10279)
    • 4.2.4.1 - Process/Review requisitions (10292)
    • 4.2.4.2 - Approve requisitions (10293)
    • 4.2.4.3 - Solicit/Track vendor quotes (10294)
    • 4.2.4.4 - Create/Distribute purchase orders (10295)
    • 4.2.4.5 - Expedite orders and satisfy inquiries (10296)
    • 4.2.4.6 - Reconcile purchase orders (10297)
    • 4.2.4.7 - Research/Resolve order exceptions (10298)
  • 4.2.5 - Manage suppliers (10280)
    • 4.2.5.1 - Monitor/Manage supplier information (10299)
    • 4.2.5.2 - Prepare/Analyze procurement and vendor performance (10300)
    • 4.2.5.3 - Support inventory and production processes (10301)
    • 4.2.5.4 - Monitor quality of product delivered (10302)