What may be listed as a Procurement Success?
Procurement success serves as a collective term for various key indicators, which may represent performance improvement in procurement.
In the broadest sense, this already involves success if a random key procurement-relevant indicator changed positively from an economic standpoint.
However, in a narrower sense procurement success means cost reductions as well as cost avoidance.
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Orpheus Glossary
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.
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