KPI

Key Performance Indicators (KPIs) in procurement are pivotal and measurable metrics that gauge the progress and effectiveness of activities aimed at achieving specific outcomes. These quantifiable indicators serve as critical benchmarks, directing attention to the most significant aspects of procurement processes.

KPIs play a crucial role in focusing efforts on strategic and operational enhancements. The continuous monitoring of these indicators enables procurement professionals to make data-driven decisions, optimize workflows, and enhance the overall effectiveness of the procurement function.


Learn more about Ivalua's Procurement Analytics Solutions.