What is Procurement Performance Measurement?
Procurement performance measurement is closely related to spend management or it is an integral component of procurement management. It describes key indicators, methods, and processes that are necessary for measuring procurement success.
Thorough and fine-grained procurement planning (or savings planning) as well as modern spend and initiative management are decisive for integrated procurement performance management.
Impact & Savings Tracking
Impact & Savings Tracking is a full featured suite for planning, steering, controlling and administering of sourcing initiatives. You can use this software to plan and create sourcing initiatives, define savings targets, assign responsible staff members or teams to initiatives, determine sourcing levers, set activities and milestones, as well as monitor and analyze them easily by using innovative visualizations and dashboards.Request a Demo for Impact & Savings Tracking more about Impact & Savings Tracking
Here you will find important terms related to spend management explained in a clear way. Small knowledge base for quick information or in full for your further education. This controlling glossary is constantly being expanded and improved.
Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.
For more information, see the following article: