This Procurement KPI Dashboard serves as a valuable resource for comprehending the definition and measurement of Procurement metrics. This Excel Tool, designed for effortless customization, assists in monitoring, measuring, and controlling Key Performance Indicators for your business.
The pivotal Procurement metrics dashboard aids in maintaining SMART (Specific, Measurable, Attainable, Realistic, and Timely) targets, driving Continuous Improvement within your Business and Supply Chain. As stated by Handfield et al. (2009), this Dashboard's benefits encompass:
- Systematic measurement, leading to improved performance.
- Enhanced communication throughout the supply chain.
- Identification of areas for enhancement.
- Provision of opportunities for feedback.
- Boosting motivation and aligning behavior toward the anticipated outcomes.
“If you cannot measure it, you cannot improve it” – Lord Kelvin.
Procurement KPIs serve as a performance measurement tool capable of evaluating and monitoring an organization's procurement management efficiency. This Procurement KPI Dashboard Excel template assists corporations in optimizing and controlling spending, quality, time, and costs.
Moreover, procurement KPIs aid businesses in tracking their overarching process goals, procurement strategies, and business objectives.
Recommended Procurement KPIs
I could have compiled a list of 30+ Procurement KPIs across various categories within Procurement. However, drawing from over 16 years of experience, I've curated a selection of 16 Procurement KPIs organized under the following Performance Attributes. This list should comprehensively address all essential aspects of the Procurement Function.
Procurement KPI Dashboard Demo & Tutorial
Procurement KPI Dashboard Snapshot
FAQ:
How can I access or modify data entry (Master Data)?
Click on View, then select Header. Unhide columns O to AH. You will then be able to access the data entry/Master Data. A concise PowerPoint presentation is also available for download, outlining the steps.
Recommended Reading Linked with Procurement KPI Dashboard Examples
Top 18 Supply Chain KPIs for the Supply Chain Team
17 Most Common Procurement Problems and Their Solution
27 Best Procurement Blogs and Websites You Should Bookmark
21 Authentic Procurement Interview Questions and Answers Guide
What is MRO? – All You Need to Know
3 Types of Supplier Segmentation Matrix You Can Use to Classify Suppliers
References
References:
Brewer, P. C., & Speh, T. W. (2000). Using the balanced scorecard to measure supply chain performance. Journal of Business Logistics, 21(1), 75.
Dilbert ‘Performance Measurement at: https://dilbert.com/strip/1996-07-18 and Handfield, et al. (2009)
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