Percentage of purchase value transacted via an electronic marketplace
This measure determines the percentage of purchase value transacted electronically via public or private online trade exchange—a virtual location where supplier, customer, trader, carrier, and finance provider meet to exchange services. 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
25th | Median | 75th |
---|---|---|
- | - | - |
Compute this Measure
Units for this measure are percent.
(Percentage of purchases by currency volume transacted electronically via private online trade exchange + Percentage of purchases by currency volume transacted electronically via public online trade exchange)
Key Terms
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.