benefit of eprocurement solution

Procurement KPI & Metrics

Procurement KPI & Metrics
Procurement KPI Metrics Procurement is a vital business function and impacts the performance of an organization. It may affect product quality, costing, timely delivery, and customer satisfaction. So it is important for organizations to monitor and improve, performance and health of procurement. Procurement KPI metrics help organizations to track and report performance and effectiveness of procurement in meeting business objectives. If you can measure it, you can improve it ! Here is the list of KPIs and metrics, which may help you to measure and improve the performance of procurement. P...
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What are the benefits of e-Procurement ?

What are the benefits of e-Procurement ?
What are the benefits of e-Procurement?   Procurement costs generally account for 60% to 70% of the total expenditure of Manufacturing SMEs. Procurement is a critical business function, affecting the overall performance and efficiency of an organization. Most Manufacturing SMEs face challenges such as limited human resources, market competition, a struggle to meet delivery commitments, etc. Most manufacturing SMEs still carry out manual procurement process, which involves a lot of tedious, recurring activities to be performed with limited manpower, time and skills. Let us now understand how M...
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