PROCUREMENT METRICS AND MATHEMATICAL FORMULAE (9 pages)

𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗣𝗿𝗼𝘀: 𝗔𝗿𝗲 𝗬𝗼𝘂𝗿 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 𝗧𝗲𝗹𝗹𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝘂𝗹𝗹 𝗦𝘁𝗼𝗿𝘆? 📊 Ever feel like you're drowning in data, but still thirsty for insights? Procurement is a numbers game, but it's not just about crunching them – it's about understanding what they mean for your bottom line and strategic goals. That's why I've put together this handy cheatsheet carousel, breaking down the essential metrics across different procurement categories: 𝗖𝗔𝗣𝗘𝗫 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁: Uncover the hidden costs beyond the price tag. 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀: Keep your projects on track and under budget. 𝗗𝗶𝗿𝗲𝗰𝘁 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁: Optimize your supply chain for efficiency and cost savings. 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗠𝗲𝗿𝗰𝗵𝗮𝗻𝗱𝗶𝘀𝗶𝗻𝗴: Balance inventory, demand, and profitability. 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁: Measure the true value and cost of your service providers. 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗮𝗻𝗱 𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁𝗮𝘁𝗶𝗼𝗻: Track your shipments and control your freight costs. 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 𝗮𝗿𝗲 𝗷𝘂𝘀𝘁 𝘁𝗵𝗲 𝗯𝗲𝗴𝗶𝗻𝗻𝗶𝗻𝗴. 𝗧𝗵𝗲 𝗿𝗲𝗮𝗹 𝗺𝗮𝗴𝗶𝗰 𝗵𝗮𝗽𝗽𝗲𝗻𝘀 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂 𝘂𝘀𝗲 𝘁𝗵𝗲𝗺 𝘁𝗼 𝗱𝗿𝗶𝘃𝗲 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀, 𝗻𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗲 𝗯𝗲𝘁𝘁𝗲𝗿 𝗱𝗲𝗮𝗹𝘀, 𝗮𝗻𝗱 𝗯𝘂𝗶𝗹𝗱 𝘀𝘁𝗿𝗼𝗻𝗴𝗲𝗿 𝘀𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽𝘀.