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.

InitiativeTracker 2018
InitiativeTracker 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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Orpheus Blog

Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.

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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