If You Only Measure Savings in Procurement, You Are Measuring Wrong
Companies that measure their procurement function solely by price savings may be leaving up to 40% of the potential value a strategic function could generate, according to McKinsey. The lowest unit cost does not guarantee the lowest total cost, the greatest resilience, or the best impact on net margin. This article presents the next-generation KPIs that measure what truly matters and translate it into results the board can see and act on.