Purchasing Metrics and KPIs are the tools used by businesses to measure, evaluate and track their performance in the purchasing process. They provide businesses with valuable insights into their overall efficiency, as well as offer an objective assessment of their buying practices. Some of the most commonly used Purchasing Metrics and KPIs include cost savings, average time to complete a purchase, purchase order compliance rate, return on investment and supplier quality ratings. By understanding and tracking these metrics, businesses can identify areas for improvement, optimize their purchasing practices and ensure that they are on the right track when it comes to achieving their organizational objectives.