Procurement leaders, what metrics or KPIs are you using to measure success for your team in 2024?

Team & Organizational DesignProcurement
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Sr. Director of P2P in Software2 years ago

The team has one shared goal for an outcome: Savings. The savings number achieved is a lagging metric which we track monthly. 

The lead metric is the percentage of QBRs delivered to each C-Suite member with a goal of 100%. 

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Program Manager II in Healthcare and Biotech2 years ago

According to my understanding below the two most important categories for procurement leaders in 2024; 

Cost-focused KPIs:

Total Cost of Ownership (TCO) reduction
Cost avoidance
Purchase order (PO) cost

Supplier-focused KPIs:

Supplier performance
Supplier diversity and inclusion
Sustainability performance

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