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.

Plan, forecast and measure the impact of savings initiatives

Impact Tracker 2022

Impact Tracker 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.

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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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5 proposals for truly sustainable purchasing success
A primary function of strategic sourcing is to reduce the purchase price of direct and indirect goods and services within a corporation. ...

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