oboloo

oboloo Glossary

Purchasing Key Performance Indicators

oboloo Glossary

Purchasing Key Performance Indicators

Purchasing Key Performance Indicators (KPIs) are metrics used to track the performance of a company’s purchasing process. They measure things like cost efficiency, supplier relationships, and inventory accuracy. By tracking purchasing KPIs, business owners can identify areas where they can improve their processes – and ultimately save money. KPIs help managers make informed decisions about how best to allocate their resources, while also providing them with invaluable insight into how the purchasing process is impacting their bottom line. By understanding how these key performance indicators affect their business, they can confidently move forward in their strategic planning.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971