Procurement Return on Investment (ROI) Benchmark is a term used in the business world to measure the success of the procurement process. It is a metric used to measure the value of the procurement process against the amount of money spent on it. By tracking this data, businesses can analyze their procurement processes to determine which areas need improvement. This metric is a great way to ensure businesses are making the most of their procurement investments. To accurately measure the ROI, businesses need to consider the costs associated with procurement, such as the cost of goods and services, as well as the savings generated through the procurement process. The savings achieved may be in the form of better prices, delivery terms, or improved quality of the goods or services purchased. Other elements to consider are the amount of time spent on the process and the increase in efficiency that comes with it. By tracking the RO