YTD (Year-To-Date)
Year-to-Date (YTD) is a business term used to reference the sum of all procurement operations that have occurred during a specific financial year up to the present date. It is an effective way for companies to measure their progress and evaluate the success of their procurement strategies over a given time period. YTD reports provide a comprehensive overview of all purchases made and procurement activities conducted over the course of the year, enabling effective decision-making related to resource allocation and budgeting.
