What is procurement KPI?
A procurement key performance indicator, or KPI, is a metric to track the important aspects of buying or procuring goods or services and to measure the procurement organization’s performance. Key performance indicators also help procurement leaders track and manage their procurement teams.
As procurement continues to drive value beyond cost savings, KPIs have become an indispensable tool to further optimize procurement by facilitating informed, data-driven decisions.
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Explore the latest trends, technologies, and strategies in procurement and supply chain management. Dive into insight-packed white papers, research reports, case studies, and webcasts to stay informed and lead the way.
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World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise
GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.