Don’t just track savings if you want top procurement I’d do this instead... Track metrics that align with your business goals. Group the KPIs for better decision-making: ➝ Quality KPIs – To assess supplier performance. ➡️ Compliance rate, Supplier defect rate, Purchase order accuracy ➝ Inventory KPIs – To assess effective order management ➡️ Inventory turnover ratio, Inventory carrying cost, Inventory aging ➝ Cost-Saving KPIs – Evaluate procurement's level of impact ➡️ Cost avoidance, Procurement ROI, Spend under management, Cost reduction ➝ Delivery KPIs – To assess a reliable supply chain ➡️ Vendor availability, Purchase order cycle time, Supplier lead times Most Procurement teams only track two or three of these metrics and then struggle to improve YOY or even to justify their value